ETH GO GO GO๐ Previous analysis:MAKE ETH GREATE AGAIN
Updated Ethereum (ETH/USDT) Analysis:
After a sharp drop, Ethereum is showing signs of recovery. Large players are actively buying, indicating accumulation before a potential new bullish phase.
To confirm further upside movement, Ethereum needs to consolidate above the 0.5 weekly range (05 RANGE). If this happens, the next targets are the $3,600 resistance level and a further move towards the all-time high (ATH) of $5,000. The downward trend marked as BSL (Breakout Swing Low) now appears to be an accumulation zone, increasing the probability of an upward reversal.
An additional positive factor for the crypto market is todayโs scheduled meeting of Donald Trump's team regarding cryptocurrency regulations. The discussion is expected to focus on establishing a new advisory council, which could bring more stability and acceptance of crypto in the U.S. This development may positively impact the market and contribute to Ethereumโs growth.
Another crucial aspect is that on LTF (15-minute time frame), price is not reacting to bearish imbalance, indicating strong buyer interest even during local pullbacks. The lack of a significant reaction to sell zones suggests possible further accumulation and a potential continuation of the bullish momentum.