ETH: Bullish Momentum Emerging on the Daily Chart
Since May 9, ETH has been consolidating for about a month, forming a bullish pattern. The price continues to fluctuate within the 2330 - 2800 range.
While the pattern appears bullish, it remains unclear whether it has fully completed. Without a decisive breakout accompanied by strong bullish volume, ETH could retreat to 2440, potentially forming a larger structure before resuming its upward move.
The broader outlook still suggests bullish momentum, but the market is not yet ready to initiate the next leg up.
Today's U.S.-China agreement and U.S. CPI data will be key events to watch.
Key Target Zones: 🎯 3300 🎯 3800 🎯
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Since May 9, ETH has been consolidating for about a month, forming a bullish pattern. The price continues to fluctuate within the 2330 - 2800 range.
While the pattern appears bullish, it remains unclear whether it has fully completed. Without a decisive breakout accompanied by strong bullish volume, ETH could retreat to 2440, potentially forming a larger structure before resuming its upward move.
The broader outlook still suggests bullish momentum, but the market is not yet ready to initiate the next leg up.
Today's U.S.-China agreement and U.S. CPI data will be key events to watch.
Key Target Zones: 🎯 3300 🎯 3800 🎯
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
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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.
✅MY Free Signals
t.me/TradingPuzzles
✅Personal Telegram
t.me/KlejdiCuni
✅YouTube
youtube.com/@TradingPuzzles
t.me/TradingPuzzles
✅Personal Telegram
t.me/KlejdiCuni
✅YouTube
youtube.com/@TradingPuzzles
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.