ETHUSDT: A Golden Opportunity?
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Let's dive into the ETH 2-day timeframe chart. We're currently observing a bullish flag pattern forming. The price is nearing the lower support line of this flag, a level that has held strong for the past six months. Historically, ETH has bounced positively from this zone.
It's worth noting that the ETH ETF was recently launched, mirroring the BTC ETF launch in January. Following the BTC ETF launch, BTC experienced a roughly 20% drop before embarking on a parabolic 90% surge. A similar pattern could unfold for ETH.
This setup presents a compelling risk-reward opportunity for ETH buying.
Entry range: $2750-$2900
Targets: $3800, $5700, $7300, $10,000
Stop-loss: 2-day close below $2500
What are your thoughts on ETH's current price action? Share your analysis in the comments!
Appreciate a like and follow if you find this analysis helpful!
Let's dive into the ETH 2-day timeframe chart. We're currently observing a bullish flag pattern forming. The price is nearing the lower support line of this flag, a level that has held strong for the past six months. Historically, ETH has bounced positively from this zone.
It's worth noting that the ETH ETF was recently launched, mirroring the BTC ETF launch in January. Following the BTC ETF launch, BTC experienced a roughly 20% drop before embarking on a parabolic 90% surge. A similar pattern could unfold for ETH.
This setup presents a compelling risk-reward opportunity for ETH buying.
Entry range: $2750-$2900
Targets: $3800, $5700, $7300, $10,000
Stop-loss: 2-day close below $2500
What are your thoughts on ETH's current price action? Share your analysis in the comments!
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