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Let' analyse ETHUSDT:
Ethereum has been following a clear market structure over the past few months, and the current setup hints at a potential trend reversal. Here's a breakdown:
Price Structure Breakdown:
1. Sideways Phase (Nov 2024 – Jan 2025):
ETH consolidated in a broad range with limited directional movement. Buyers and sellers were in equilibrium, setting the stage for a decisive move.
2. Downtrend Phase (Feb – Early April 2025):
A breakdown from the range initiated a sharp downtrend, forming a descending channel. ETH saw consistently lower highs and lower lows, fueled by macro uncertainty and weak demand.
3. Second Sideways Phase (Mid-April 2025):
After bottoming out, ETH began to consolidate again after breaking out of the descending channel, absorbing selling pressure and forming a potential accumulation zone.
What’s Happening Now?
ETH has broken out of the descending channel and is now attempting to reclaim the $1800 above zone, which earlier acted as support-turned-resistance. Sustained closing above this level would confirm the breakout.
If ETH holds above this breakout zone, we could see a shift toward a bullish market structure. The next targets are likely:
• $2,050 – key structural level
• $2,450 – confluence of resistance
• $2,750+ – breakout continuation zone
Trade strategy:
• Entry: On retest of the breakout zone ($1650–$1700)
• Invalidation: Close below $1600 (failed breakout)
• Targets: $2050 → $2450 → $2750
• Bias: Bullish until proven otherwise
If you find this analysis helpful, please hit the like button to support my content! Share your thoughts in the comments, and feel free to request any specific chart analysis you’d like to see.
Happy Trading!!
In-depth market analysis
Accurate trade setups
Early access to trending altcoins
Life-changing profit potential
Let' analyse ETHUSDT:
Ethereum has been following a clear market structure over the past few months, and the current setup hints at a potential trend reversal. Here's a breakdown:
Price Structure Breakdown:
1. Sideways Phase (Nov 2024 – Jan 2025):
ETH consolidated in a broad range with limited directional movement. Buyers and sellers were in equilibrium, setting the stage for a decisive move.
2. Downtrend Phase (Feb – Early April 2025):
A breakdown from the range initiated a sharp downtrend, forming a descending channel. ETH saw consistently lower highs and lower lows, fueled by macro uncertainty and weak demand.
3. Second Sideways Phase (Mid-April 2025):
After bottoming out, ETH began to consolidate again after breaking out of the descending channel, absorbing selling pressure and forming a potential accumulation zone.
What’s Happening Now?
ETH has broken out of the descending channel and is now attempting to reclaim the $1800 above zone, which earlier acted as support-turned-resistance. Sustained closing above this level would confirm the breakout.
If ETH holds above this breakout zone, we could see a shift toward a bullish market structure. The next targets are likely:
• $2,050 – key structural level
• $2,450 – confluence of resistance
• $2,750+ – breakout continuation zone
Trade strategy:
• Entry: On retest of the breakout zone ($1650–$1700)
• Invalidation: Close below $1600 (failed breakout)
• Targets: $2050 → $2450 → $2750
• Bias: Bullish until proven otherwise
If you find this analysis helpful, please hit the like button to support my content! Share your thoughts in the comments, and feel free to request any specific chart analysis you’d like to see.
Happy Trading!!
Trade active
ETH is experiencing strong resistance near the red zone.
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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.