Ethereum is currently forming a textbook bullish flag pattern on 1D the chart. This continuation pattern typically indicates the potential for further upside after a strong preceding rally.
Key Features of the Pattern:
A strong upward impulse wave forming the "flagpole."
A consolidation phase with parallel, downward-sloping trendlines creating the...
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I will write an opinion adiditonally regarding this situation. My opinion is that traders are aware of retracement (long expected, prolonged, but inevitable). No matter how long price is being pushed, it certanly cost money to maintain it.
