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ETH is moving within the 2385.00 - 2,695.00 range👀 Possible scenario: Ethereum is trading at $2,6K., up 3.06%, though analysts warn of a short-term pullback as resistance builds near $2.5K. A $262M transfer by co-founder Jeffrey Wilcke to Kraken on May 20 briefly sparked sell-off fears, but concerns were quickly dismissed. Despite recent gains, ETH faced selling pressure and a potential death cross, prompting speculation. CryptoQuant notes rising volume at key levels suggests continued consolidation before any breakout. Long-term outlook stays bullish: ETH on exchanges fell to a 10-year low of 4.9%, whales added 450,000 ETH since late April, and institutional inflows hit $205M last week following the Pectra upgrade. ✅Support and Resistance Levels Support level is now located at 2385.00. Now, the resistance level is located at 2,695.00.
CAPITALCOM:ETHUSD
by MaxOnMarkets
Ethereum Golden Cross: ETH Eyes $3,000 BreakoutEthereum Flashes Golden Cross: A Bullish Beacon or a Fleeting Glimmer for the $3,000 Target? The cryptocurrency market is once again abuzz with technical signals, and this time, Ethereum (ETH), the second-largest cryptocurrency by market capitalization, is in the spotlight. Traders and analysts are keenly observing a "Golden Cross" that has recently manifested on Ethereum's price charts. This classic bullish indicator has historically been associated with potential upward momentum, igniting discussions and hopes among investors: could this be the catalyst that propels ETH bulls to conquer the coveted $3,000 price level? Understanding the Golden Cross: A Primer Before diving into Ethereum's specific prospects, it's crucial to understand what a Golden Cross signifies. In technical analysis, a Golden Cross occurs when a shorter-term moving average (MA) of an asset's price crosses above a longer-term moving average. Most commonly, this involves the 50-day moving average (50-MA) moving above the 200-day moving average (200-MA). The rationale behind its bullish interpretation is straightforward: the 50-MA reflects the average price over the last 50 trading days, representing recent momentum. The 200-MA, on the other hand, represents the longer-term trend. When the shorter-term momentum (50-MA) surpasses the longer-term trend (200-MA) from below, it suggests that the recent buying pressure and positive price action are strong enough to potentially shift the overall market sentiment and initiate a more sustained uptrend. However, it's vital to approach this signal with a degree of caution. The Golden Cross is a lagging indicator, meaning it confirms a trend that has already been underway for some time, rather than predicting a future one with certainty. By the time a Golden Cross appears, a significant portion of the initial upward move might have already occurred. Furthermore, like all technical indicators, it's not infallible. False signals can happen, where a Golden Cross appears but fails to lead to a sustained rally, sometimes even preceding a market downturn. Therefore, while a Golden Cross is a positive sign, it’s best used in conjunction with other indicators and a broader market analysis. Ethereum's Current Landscape and the Significance of the Signal For Ethereum, the appearance of a Golden Cross is a noteworthy development, especially considering its price action in recent months. After periods of consolidation and navigating broader market uncertainties, such a signal can inject a fresh wave of optimism. It often attracts trend-following traders and algorithms programmed to react to such patterns, potentially increasing buying pressure. The journey towards $3,000 for Ethereum is not just a numerical target; it represents a significant psychological level. Reclaiming this mark would signify a strong recovery and could pave the way for further exploration of higher price territories. The Golden Cross, in this context, acts as a technical validation for bulls who believe in Ethereum's underlying fundamentals and its potential for growth. Factors Fueling the Bullish Case for ETH to $3,000 Several factors, beyond the Golden Cross itself, could support a bullish push for Ethereum towards the $3,000 milestone: 1. Strong Network Fundamentals: Ethereum continues to be the dominant smart contract platform, hosting the vast majority of decentralized finance (DeFi) applications, non-fungible tokens (NFTs), and a burgeoning ecosystem of Layer 2 scaling solutions. Ongoing development, such as progress on future upgrades aimed at enhancing scalability and efficiency (like proto-danksharding with EIP-4844), bolsters long-term confidence. 2. The Impact of "The Merge" and Staking: The transition to a Proof-of-Stake (PoS) consensus mechanism (The Merge) has fundamentally changed Ethereum's tokenomics. It significantly reduced new ETH issuance and, coupled with the EIP-1559 fee-burning mechanism, has often made ETH deflationary during periods of high network activity. The growth in staked ETH, which secures the network and earns rewards for stakers, also reduces the liquid supply available on exchanges, potentially creating upward price pressure. 3. Layer 2 Scaling Solutions Gaining Traction: Solutions like Arbitrum, Optimism, zkSync, and StarkNet are increasingly handling a significant portion of Ethereum's transaction load. This alleviates congestion on the mainnet, reduces gas fees for users interacting with these Layer 2s, and improves the overall user experience, making the Ethereum ecosystem more attractive and scalable. As these solutions mature and gain wider adoption, they enhance Ethereum's value proposition. 4. Renewed Institutional Interest: While institutional adoption of crypto can be cyclical, a clear bullish signal like a Golden Cross, combined with improving macroeconomic conditions or regulatory clarity, could reignite interest from larger financial players looking for exposure to digital assets beyond Bitcoin. Ethereum's utility and its role as a platform for decentralized applications make it an attractive candidate for institutional portfolios. 5. Positive Market Sentiment: The cryptocurrency market is heavily influenced by sentiment. A Golden Cross can contribute to a positive feedback loop: the signal encourages buying, which pushes prices up, further reinforcing bullish sentiment and attracting more participants. If Bitcoin, the market leader, also shows strength, it often creates a favorable environment for altcoins like Ethereum to rally. 6. Growing NFT and DeFi Ecosystems: Despite market fluctuations, innovation within the NFT and DeFi sectors on Ethereum continues. New use cases, improved user interfaces, and greater mainstream adoption of these technologies can drive demand for ETH, which is used to pay for transactions and interact with these applications. Potential Headwinds and Obstacles on the Path to $3,000 Despite the optimism generated by the Golden Cross, several challenges could hinder Ethereum's ascent to $3,000: 1. Macroeconomic Uncertainty: Broader economic factors, such as inflation rates, interest rate policies by central banks, and geopolitical events, can significantly impact risk assets, including cryptocurrencies. A deteriorating macroeconomic outlook could dampen investor appetite and stall any potential rally. 2. Regulatory Scrutiny: The regulatory landscape for cryptocurrencies remains a significant unknown in many jurisdictions. Unfavorable regulations or enforcement actions targeting Ethereum, DeFi, or staking could negatively impact its price. 3. Technical Resistance Levels: The path to $3,000 is likely to encounter several technical resistance levels where selling pressure might increase. Traders will be closely watching these zones, and failure to break through them decisively could lead to pullbacks. 4. Profit-Taking: As the price of ETH rises, especially after a significant signal like a Golden Cross, traders who bought at lower levels may decide to take profits, creating selling pressure that needs to be absorbed by new buyers for the uptrend to continue. 5. Competition: While Ethereum is the dominant player, it faces ongoing competition from other Layer 1 blockchains (e.g., Solana, Avalanche, BNB Chain) that also aim to offer scalable smart contract platforms. Significant advancements or adoption shifts towards competitors could impact Ethereum's market share and sentiment. 6. The "False Signal" Risk: As mentioned earlier, no technical indicator is perfect. The Golden Cross could prove to be a false signal if broader market conditions turn bearish or if unforeseen negative catalysts emerge. Conclusion: A Promising Signal, But Prudence is Key The appearance of a Golden Cross on Ethereum's charts is undeniably a positive development that warrants attention. It provides a technical basis for bullish optimism and could indeed be a contributing factor if ETH is to make a sustained push towards the $3,000 mark. The combination of this signal with Ethereum's strong network fundamentals, ongoing technological advancements, and the deflationary pressures from its tokenomics paints a compelling picture for potential price appreciation. However, investors should approach this scenario with a balanced perspective. The Golden Cross is a piece of the puzzle, not the entire picture. Its predictive power is enhanced when considered alongside other market indicators, fundamental analysis, and the overall macroeconomic environment. While bulls may feel emboldened by this signal, the path to $3,000 will likely involve navigating volatility, overcoming resistance levels, and contending with potential external shocks. Ultimately, whether Ethereum can leverage this Golden Cross to reach $3,000 will depend on a confluence of factors: sustained buying momentum, continued positive developments within the Ethereum ecosystem, a favorable broader market sentiment, and the absence of significant negative catalysts. For now, the Golden Cross serves as a beacon of hope for ETH holders, but diligent research, risk management, and an awareness of the inherent uncertainties in the crypto market remain paramount.
BINANCE:ETHUSD
by bryandowningqln
ETH/USD – Major Rejection Ahead? Bears Eyeing a Breakdown!Ethereum is trading inside a strong supply zone, where price has previously been rejected. The $2,600 area has acted as a ceiling multiple times, and we are seeing signs of slowing bullish momentum. With multiple wicks and no candle close above the zone, a pullback is highly likely. If ETH fails to break $2,602 with strength, a move down toward $2,053 or even $1,524 is on the table. Bearish Confluence Signals: Overhead supply pressure (LuxAlgo zone) Rejection candles forming on the 4H Volume divergence on recent push Watch For: Break below $2,450 = bearish confirmation Target 1: $2,053 Target 2: $1,524 SL above $2,620 Quick Tip: Don’t chase highs in a supply zone—wait for confirmation! Do you think ETH breaks $2.6k or drops from here? Comment your bias—Bull or Bear? And don’t forget to like and share! #ETHUSD #Ethereum #CryptoCrashOrPump #SupplyAndDemand #LuxAlgo #TechnicalAnalysis #FrankFx14 #PriceAction #CryptoTraders #4HChart
COINBASE:ETHUSDShort
by FrankFx14
ETH is moving within the 2,300.00 - 2,695.00 range👀Possible scenario: Ether fell over 4.5% to $2,380 on May 19, in line with a broader 1.4% crypto market drop to $3.25T. Despite the decline, ETH led inflows with $205M last week, boosted by optimism around the Pectra upgrade and new co-director Tomasz Stańczak. Meanwhile, Vitalik Buterin proposed a “local-first” model to ease Ethereum node operation by reducing the 1.3TB data load, supporting decentralization. The move aligns with Ethereum’s scaling efforts, as debates grow over its AI potential, token oversupply, and Layer-2 value leakage. ✅Support and Resistance Levels Support level is now located at 2,300.00. Now, the resistance level is located at 2,695.00.
COINBASE:ETHUSD
by MaxOnMarkets
ETH/USD Technical AnalysisFenzoFx—Ethereum is retesting last week's low at 2,330 in today's session. A bullish candlestick pattern formed on Sunday after the price touched this support. Ethereum is now trading around 2,400, showing strength in the London session. The outlook remains bullish above 2,330, with a potential target of 2,588, possibly during the New York session. Bearish Scenario : A drop below 2,330 would invalidate the bullish view, likely resuming the downtrend toward 2,200.
COINBASE:ETHUSDLong
by FenzoFxBroker
Falling towards 50% Fibonacci support?Ethereum (ETH/USD) is falling towards the pivot and could bounce to the 1st resistance. Pivot: 2,102.09 1st Support: 1,669.20 1st Resistance: 2,806.23 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
ICMARKETS:ETHUSDLong
by ICmarkets
2
ETH 2H Chart A better re-entry might come near $2000 ? Opinions?📉 Trend Observation – Short-Term (2H) ❗ Current Market Structure: CHoCH (Change of Character) and BOS (Break of Structure) clearly show that the bullish momentum has broken down. Price recently lost support at $2,500–$2,550, flipped that zone into resistance (highlighted red area), and dipped toward $2,400 and below. You can see a bearish market structure forming with lower highs and lower lows. 🟣 Indicators (Stochastic RSI & RSI): Stochastic RSI is in a bearish crossover and pointing downward, suggesting more downside pressure. RSI is trending lower, confirming bearish momentum is in control short-term. 🔵 Support Zones: Price bounced slightly near $2,390–$2,400, which is a minor support. Major support lies around $2,200, and strong support can be seen at $1,750–$1,800, marked on the chart. 🔴 Resistance Zones: Heavy resistance at $2,500–$2,600 (red supply zone). Until ETH reclaims this zone with strength and volume, upside is capped. 🧭 Summary: Short-Term Bearish Trend: Bearish (2H shows weakness; consistent lower highs/lows) Momentum: Fading, with sellers in control Volume: Increased on recent red candles → indicates pressure 💡 Should You Hold or Sell? Short-Term Traders (2H-1D): ⚠️ Consider waiting or trimming positions if you're leveraged or seeking short-term profit. A better re-entry might come near $2,200 or even $1,750 if sell pressure increases. ------------------------- Not for financial advise. Not for recommendations to buy sell any crypto, security , or stocks. Do your own research
BINANCE:ETHUSDShort
by CryptoChartDaily
Ethereum: The Bullish Cycle Starts Now!The minimum new 2025 All-Time High for Ethereum is $5,794. The next target sits at ~$8,500. Ethereum took some time out and used this week to challenge resistance. Resistance was found at 0.5 Fib extension with exactitude, that is, $2,746. Two supports mainly: 1) $2,424 and 2) $2,026. The bottom is in and it is really far away. The $2,026 is the 0.236 Fib extension and also the baseline of the rounded bottom pattern. The correction low sits at $1,383 and Ethereum (ETHUSD) will never ever in its entire history trade at this price ever again. It is gone forever. Right now it is still relatively early but this will be more obvious as the month reaches its end. Good evening my fellow Cryptocurrency trader, I hope you are having a nice Sunday and the week is about to close. Ethereum is still early, early in its trading session based on the long-term bullish cycle, and I say this based on market data and the chart. Not my speculative opinion. This is the biggest exchange in the list, it comes up first. Exchanges are listed by volume when you look up a pair here on TradingView. It turns out that trading volume is still low but prices are going up. This is what tells me that it is still early, wave 1. When the action gets going and bullish momentum grows, volume will reach its highest; wave 3. Then the action will continue and will go crazy but volume won't keep up; wave 5. I say the minimum is $5,794 and this is an easy target. Can go higher, much higher but 5.8K is an easy bet. Go LONG hold spot trade options do what it takes. Buy the funds, the ETFs, the actual coins holding or staking it doesn't matter as long as you participate. Even with stablecoins through DYDX or whatever way you prefer. As long as you participate in this awesome market the market will reward you. Thank you for reading. Namaste.
COINBASE:ETHUSDLong
by MasterAnanda
5
ETH/USDT – Daily Chart Technical AnalysisDate: 18th May, 2025 Prepared by: Musarrat Ethereum is currently undergoing a retracement phase after a strong bullish rally. A Fibonacci retracement tool has been applied from the recent low around $1,577 to the swing high of $2,742.75 to identify key levels of potential reversal. Key Technical Levels: Fibonacci Retracement Zones: 0.236: $2,572.75 (minor resistance) 0.382: $2,467.66 0.5: $2,382.99 (current price nearing this zone) 0.618: $2,298.71 (strong retracement zone) 0.786: $2,176.73 Buy Limit Order: Entry Price: $2,415 Positioned between the 0.5 and 0.618 retracement levels—an optimal buy zone based on historical retracement behavior. Stop Loss: $2,174 Placed just below the 0.786 retracement level to allow room for price fluctuation while protecting downside risk. Take Profit Targets: TP1: $2,732 – Near the previous swing high and a key resistance level. TP2: $3,210 – A projected extension level, marking a strong bullish continuation if the uptrend resumes. Indicator Analysis: RSI (14): Currently at 61.05, indicating bullish momentum still holds, but approaching neutral territory. A bounce from current levels would confirm strength. Conclusion: The chart suggests a healthy retracement within an uptrend. A buy limit at $2,415 offers an opportunity to enter the market at value, targeting a rebound toward previous highs and beyond. The setup is supported by: Retracement to golden ratio zones (0.5–0.618) Strong RSI trend above 60 Clear stop-loss and reward levels offering favorable risk-to-reward ratio Strategy: Wait for price to trigger the Buy Limit at $2,415. If filled, monitor for price action confirmation and manage trade towards TP1 and TP2.
BINANCE:ETHUSDLong
by samee_tehreek
Is XRP About to Rebound? Bullish Signals EmergeXRP Flashes Bullish Signal: Technical Indicator Hints at Imminent Rebound – 100x Gains Coming? The Future Is Closer Than You Think—Analyst The cryptocurrency market is a volatile and often unpredictable space, where fortunes can be made and lost in the blink of an eye. Among the myriad of digital assets vying for attention, XRP, the cryptocurrency associated with Ripple Labs, has consistently been a topic of intense debate and speculation. While it has faced its fair share of challenges, including regulatory scrutiny and market fluctuations, XRP continues to hold the interest of investors and analysts alike. Recently, XRP has been displaying what some experts are interpreting as bullish signals, suggesting a potential rebound in its price. These signals are primarily derived from technical analysis, a method of evaluating assets by analyzing statistical trends gathered from trading activity, such as price movement and volume. One particular technical indicator is hinting at an imminent upswing, leading some analysts to predict significant gains for XRP in the near future. This article delves into the technical indicators flashing bullish signals for XRP, examines the factors that could contribute to a potential rebound, and explores the possibility of a 100x gain, a prospect that has captured the imagination of many XRP enthusiasts. Technical Indicators Pointing Towards a Rebound Technical analysis plays a crucial role in understanding potential price movements in the cryptocurrency market. Several indicators are currently suggesting a bullish outlook for XRP: 1. Moving Averages: Moving averages are commonly used to smooth out price data over a specific period, helping to identify trends. When a shorter-term moving average crosses above a longer-term moving average, it is often seen as a bullish signal, indicating that the price is likely to rise. XRP has recently exhibited this "golden cross" pattern on certain timeframes, suggesting a potential upward trend. 2. Relative Strength Index (RSI): The RSI is a momentum indicator that measures the magnitude of recent price changes to evaluate overbought or oversold conditions in the price of an asset. An RSI value below 30 typically indicates that an asset is oversold and may be due for a rebound. XRP's RSI has been hovering in oversold territory, suggesting that buying pressure could soon increase. 3. Fibonacci Retracement Levels: Fibonacci retracement levels are horizontal lines that indicate potential support and resistance levels based on the Fibonacci sequence. These levels are often used to predict where the price of an asset might find support during a downtrend or resistance during an uptrend. XRP has been testing key Fibonacci retracement levels, and a successful breakout above these levels could signal a significant price increase. 4. Chart Patterns: Technical analysts also look for specific chart patterns that can provide clues about future price movements. Some patterns, such as the "inverse head and shoulders" or the "double bottom," are considered bullish formations, suggesting that the price is likely to rise. XRP has been forming patterns that resemble these bullish formations, further supporting the possibility of a rebound. Factors Contributing to a Potential XRP Rebound While technical indicators can provide valuable insights, it is essential to consider the fundamental factors that could influence XRP's price. Several factors could contribute to a potential rebound: 1. Ripple's Ongoing Legal Battle with the SEC: The most significant factor weighing on XRP's price has been Ripple's legal battle with the U.S. Securities and Exchange Commission (SEC). The SEC alleges that Ripple sold XRP as an unregistered security, a claim that Ripple vehemently denies. A favorable outcome in this case could significantly boost XRP's price, as it would remove a major source of uncertainty and regulatory risk. 2. Growing Adoption of XRP for Cross-Border Payments: Ripple has been actively promoting XRP as a solution for cross-border payments, touting its speed, efficiency, and low cost compared to traditional methods. Increased adoption of XRP by financial institutions and payment providers could drive demand for the cryptocurrency, leading to a price increase. 3. Expansion of Ripple's Ecosystem: Ripple has been expanding its ecosystem by developing new products and services that utilize XRP. These include RippleNet, a network of financial institutions that use Ripple's technology for cross-border payments, and On-Demand Liquidity (ODL), a service that allows businesses to use XRP to source liquidity for cross-border transactions. A thriving ecosystem could attract more users and investors to XRP, further supporting its price. 4. Overall Cryptocurrency Market Sentiment: XRP's price is also influenced by the overall sentiment in the cryptocurrency market. A positive market sentiment, characterized by rising prices and increased investor confidence, could lift XRP along with other cryptocurrencies. Conversely, a negative market sentiment could put downward pressure on XRP's price. The Possibility of a 100x Gain: A Realistic Scenario? The prospect of a 100x gain in XRP's price has captured the imagination of many investors. While such a gain is certainly possible, it is essential to approach this scenario with a healthy dose of skepticism and realism. To achieve a 100x gain, XRP's price would need to increase by a factor of 100 from its current level. This would require a massive influx of capital into XRP, driven by a combination of factors, such as a favorable outcome in the SEC case, widespread adoption of XRP for cross-border payments, and a significant increase in overall cryptocurrency market capitalization. While these factors are not entirely out of the realm of possibility, they are by no means guaranteed. The cryptocurrency market is inherently unpredictable, and unforeseen events could derail any potential rally in XRP's price. Analyst Perspective: The Future Is Closer Than You Think Despite the inherent risks and uncertainties, some analysts remain optimistic about XRP's future. These analysts point to the potential for XRP to disrupt the traditional cross-border payments industry, the growing adoption of Ripple's technology, and the possibility of a favorable outcome in the SEC case as reasons for their bullish outlook. One analyst, in particular, has stated that "the future is closer than you think" for XRP, suggesting that significant gains could be realized in the near future. This analyst believes that XRP is currently undervalued and that its price could surge once the regulatory uncertainty surrounding Ripple is resolved. Conclusion: Navigating the XRP Landscape XRP presents a complex and often contradictory picture. Technical indicators are flashing bullish signals, suggesting a potential rebound in its price. Factors such as Ripple's ongoing legal battle with the SEC, growing adoption of XRP for cross-border payments, and the overall cryptocurrency market sentiment could all play a role in determining XRP's future. While the possibility of a 100x gain is enticing, it is essential to approach this scenario with caution and realism. The cryptocurrency market is inherently volatile, and unforeseen events could impact XRP's price. Ultimately, whether XRP achieves its full potential remains to be seen. However, the recent bullish signals and the ongoing developments surrounding Ripple suggest that the future of XRP is closer than many might think. As always, investors should conduct their own research, assess their risk tolerance, and make informed decisions before investing in any cryptocurrency, including XRP.
BINANCE:ETHUSDLong
by bryandowningqln
ETH/USD a bullish move based on the recent breakout Awais Ali: Chart Analysis Overview: Market Structure: The overall market appears to have formed a support zone at the lower end and a resistance zone at the upper range. A prior bullish move led to a Fair Value Gap (FVG), highlighted as an area of potential institutional interest. Fair Value Gap (FVG): The FVG is marked as an imbalance area where price moved impulsively, suggesting unfilled orders. Traders might anticipate a return to this zone before resuming a trend… Awais Ali: It aims to capture a high-probability reversal Awais Ali: This is a technical analysis chart for Ethereum (ETH) against the US Dollar (USD) on the 2-hour timeframe, shown on TradingView. Here's a detailed breakdown of the elements annotated in the chart: --- Chart Elements: 1. Price Action Trend: The chart shows a previous descending price trend, followed by a rising channel, and then a sideways consolidation period (highlighted as "SIDEWAYS"). After the sideways movement, there is a breakout upwards, indicating a bullish momentum shift. 2. Support Zone: A clear support zone is drawn around the $1,800 area. This is where the price consolidated before making a significant move upward. 3. CHoCH (Change of Character): The chart marks a CHoCH, which signifies a change in market structure—typically indicating a potential reversal or start of a new trend. 4. OBB (Order Block Break): This area represents a bearish order block that price revisited and respected before pulling back. 5. Trade Setup (Entry/Target): Entry Zone: Around the $2,494 mark (current price level). Stop-loss Zone: Below the entry zone, suggesting risk management. Target Zone: Around $2,850, indicating a potential bullish target. The trade setup suggests a long (buy) position with a favorable risk-to-reward ratio. 6. Overall Outlook: The trader anticipates a bullish move based on the recent breakout, change of character, and retest of a key zone. --- Conclusion: This chart represents a bullish outlook on ETH/USD, based on structure shifts, support/resistance zones, and a potential breakout continuation pattern. The trade idea involves buying near current levels with a target significantly higher and a stop-loss just below the recent structure.
CRYPTO:ETHUSDLong
by Johnson67
2