I analyzed Ethereum on both the monthly and 2-week timeframes, and the structure looks strong.
On the right side, we have the monthly chart, where ETH has printed a bullish Morning Star pattern right off the key support trendline.
This is a classic reversal signal, and price is now approaching the upper resistance zone. A breakout from here could trigger a major rally, similar to what we saw in 2020.
On the left side, the 2-week chart shows
ETH pressing into a critical resistance zone after a strong bounce. If price breaks and holds above this zone, it could open the doors to $6K–$8K targets in the coming months.
ETH is showing strength, now we wait for confirmation from the breakout.
Thanks for reading!
On the right side, we have the monthly chart, where ETH has printed a bullish Morning Star pattern right off the key support trendline.
This is a classic reversal signal, and price is now approaching the upper resistance zone. A breakout from here could trigger a major rally, similar to what we saw in 2020.
On the left side, the 2-week chart shows
ETH pressing into a critical resistance zone after a strong bounce. If price breaks and holds above this zone, it could open the doors to $6K–$8K targets in the coming months.ETH is showing strength, now we wait for confirmation from the breakout.
Thanks for reading!
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.