ETHUSDT: Just One Step Away To $3800...
2024-11-25

Currently, I see the ETH/USDT pair showing clear bullish signals with the formation of the Cup and Handle pattern. The reason for this uptrend is after the price was rejected around the $3,280 support area and quickly rebounded approximately 0.5% on the day. This pattern – being one of the classic formations in technical analysis – often indicates a strong growth phase when the price breaks through a critical resistance zone.

For me, the $3,400 resistance zone is the key point (trigger) to activate the bullish trend. If the price can break and close above this zone, I believe ETH will quickly enter a strong breakout phase.

The target I am expecting after the trigger is activated is the $3,800 level – this is the price level that completes the Cup and Handle pattern, promising significant profits in the next bullish trend.