ETHUSDT looks really bullish here. I know the market looks scary here but this chart says otherwise. The Cup and Handle pattern has broken out. If the upcoming weekly closes above the 42k level it's highly likely we will see a 6k+ ETH by the end of this year. just to clear your doubt:- There's always a shakeout before every big rally and I believe the current market is in that situation. We can have some long wicks to the downside which will eventually be bought by the bulls. The target of this pattern is $6275 roughly a 55% Rally. 21D MA is the indicator that you need to follow for the invalidation of this chart. Any close below 21D MA will either invalidate or delay this rally.
This is not financial advice, DYOR before taking any trading action.
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