ETH/USDT CHART UPDATE !!
2025-01-17
Category: None

This ETH/USDT daily chart shows a potential breakout setup from a falling wedge pattern, a bullish reversal structure. Ethereum is gaining momentum above key moving averages and preparing for an upward trajectory.

Falling wedge: The price is consolidating within a descending wedge, indicating a potential bullish breakout.
Support: Around $2,800-$3,000 (wedge lower boundary).
Resistance: Near $3,600 (wedge upper boundary).

Moving averages: The price is climbing above the 100-day MA, which provides additional bullish confirmation.
After the breakout, Ethereum could target $4,000 and then $4,800 in the next impulsive wave.

If you found this analysis helpful, hit the Like button and share your thoughts or questions in the comments below. Your feedback matters!

Thanks for your support!

DYOR. NFA