BYBIT:ETHUSDT.P   ETHUSDT Perpetual Contract
This is the daily ETHUSDT chart

I see that the descending channel or falling parallel channel has been broken out to the up side.

When the resistance at $1359 was broken we saw the price shoot up to the next key resistance level at $1654.

Currently price is consolidating and forming a bullish pennant pattern.

Waiting to see if it breaks up or down. If it breaks the pennant upward and break resistance we can see the price shoot up again to $2026 or %1.618 fib level

If it breaks down the pennant we can see the price retrace down to fib golden pocket at %61.8-%50 fib levels.

These are the key levels I found. Thanks for viewing


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