The ETH/USD chart reflects a clear transition from a bearish phase into a developing bullish trend 📉➡️📈. Initially, price respected a descending channel, forming lower highs and indicating sustained selling pressure. However, a breakout above this structure marked a significant shift in momentum, supported by the formation of higher lows and strong bullish candles 🚀. The emergence of an ascending trendline highlights growing buyer control and market confidence. Currently, price is consolidating near a key support and resistance flip zone, suggesting accumulation before a potential continuation 🔄. If buyers maintain strength and push above nearby resistance, the first target is set at 2,387, aligning with a recent supply zone 🎯. Continued bullish momentum could extend the move toward the second target at 2,465, where a stronger resistance area may trigger profit-taking or a temporary pullback ⚠️. Overall, the structure favors bullish continuation while holding above support.
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First Target Reached
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t.me/DynamicTradeStrategies01
Forex, Gold & Crypto Signals with
detailed analysis & get consistent
results.
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Gold Signal's with proper TP& SL for
high profit opportunities
t.me/DynamicTradeStrategies01
Forex, Gold & Crypto Signals with
detailed analysis & get consistent
results.
t.me/GoldMan0009
Gold Signal's with proper TP& SL for
high profit opportunities
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.