Ethereum Poised for a Bullish Reversal

3 days ago

Ethereum Poised for a Bullish Reversal

Ethereum has been consolidating in an ascending triangle pattern after a strong bearish move, showing signs of a potential bullish breakout. The price is currently pushing higher from the recent lows, indicating that buyers are slowly regaining control.

If momentum continues, ETH could first test the resistance near $3,790, where a short consolidation may occur before aiming for the next upside targets.

A confirmed breakout above that zone could open the path toward $4,097 and eventually $4,357, aligning with previous supply areas.

As long as ETH stays above the recent structure low, the bullish scenario remains valid.

Key Targets:
🎯 $3,790
🎯 $4,097
🎯 $4,357

You may find more details in the chart!
Thank you and Good Luck!

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8 hours ago

Trade active

ETH bullish momentum is picking up again after a long pause

I posted my ETH analysis a few days ago. It was positioned for a clear move higher, but it created a deeper correction again. Perhaps this low volume was because the US market closed on Tuesday and it was more like a long weekend for the US market.

ETH found a strong zone near 3400. The latest 4-hour candle is showing a strong uptrend before the US market opens.

It is possible that the price will rise further from this zone.

If it moves below 3400, it is better to exit the trade as it may do something more complex.