Ethereum
Long

Market next move

135
Disruptive (Contrarian/Bullish) View:

1. Higher Lows Formation:

The price is consistently forming higher lows, which could indicate building bullish momentum, not weakness.

This could suggest a breakout attempt through the resistance zone rather than a rejection.



2. Volume Analysis:

Volume seems to be stabilizing (and even increasing slightly) on green candles approaching resistance.

This might indicate accumulation rather than distribution — a possible prelude to a bullish breakout.



3. Short-term Bull Flag/Pennant:

The price pattern just before entering the red box may resemble a bull flag, a continuation pattern.

If it breaks the flag upwards, it could target levels around $2,600+.



4. Failed Bearish Setups:

The earlier sharp drop was quickly recovered, showing buyer interest below $2,500.

This invalidates the strength of previous selling pressure.



5. Psychological Level at $2,500 Holding:

ETH is hovering just above the key $2,500 psychological support.

Holding above this level increases the likelihood of testing and potentially flipping resistance to support.

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