Ethereum's Accumulation Phase and Potential Movements
Ethereum's Accumulation Phase and Potential Movements
Ethereum has been accumulating within a triangle pattern for about three weeks. While the odds suggest a potential rise, the situation is more complex than it appears.
Currently, the market is in a state of waiting for updates from the Trump Administration regarding new cryptocurrency regulations. This uncertainty has caused a freeze in market movements. As a result, Ethereum (ETH) could drop to 2686 before potentially rebounding from that level.
For a bullish movement to take place, ETH needs to achieve a solid breakout above 2860, which would increase the chances of the anticipated upward trend.
Key Resistance Zones: 3045, 3220, and 3420
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Ethereum has been accumulating within a triangle pattern for about three weeks. While the odds suggest a potential rise, the situation is more complex than it appears.
Currently, the market is in a state of waiting for updates from the Trump Administration regarding new cryptocurrency regulations. This uncertainty has caused a freeze in market movements. As a result, Ethereum (ETH) could drop to 2686 before potentially rebounding from that level.
For a bullish movement to take place, ETH needs to achieve a solid breakout above 2860, which would increase the chances of the anticipated upward trend.
Key Resistance Zones: 3045, 3220, and 3420
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
✅MY Free Signals
t.me/TradingPuzzles
✅Personal Telegram
t.me/KlejdiCuni
✅YouTube
youtube.com/@TradingPuzzles
t.me/TradingPuzzles
✅Personal Telegram
t.me/KlejdiCuni
✅YouTube
youtube.com/@TradingPuzzles
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.
✅MY Free Signals
t.me/TradingPuzzles
✅Personal Telegram
t.me/KlejdiCuni
✅YouTube
youtube.com/@TradingPuzzles
t.me/TradingPuzzles
✅Personal Telegram
t.me/KlejdiCuni
✅YouTube
youtube.com/@TradingPuzzles
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.