Ethereum / TetherUS
Long
Updated

ETH Remains Bullish – No Reversal Signals Yet

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ETH Remains Bullish – No Reversal Signals Yet

Following our earlier analysis, ETH has surged from the $2,500 zone to $4,300, showing a strong and sustained bullish trend.

Currently, there are no signs of a reversal, and momentum remains intact across multiple time frames.

I've prepared a multi-timeframe analysis indicating that ETH has the potential to reach $4,800 as a minimum target, with room for further upside if bullish conditions persist.

You may watch the analysis for further details!
Thank you!
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snapshot

ETH rose from 4300 since I posted the analysis to 4683 with almost +8.9% and the train is on the move:)

Ethereum rose in a clear way after yesterday's CPI data. It was the only significant news related to the USD and the impact on the crypto market was amazing. The CPI data served a strong catalyst for our trading setup.

ETH reached the first target at 4500 and is ready to reach the second target near the top of the structure at 4800 - 4840.

If the price creates a new historical high, then ETH can rise further to 5400 as a minimum target.

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