#ETHUSDT | DAILY TIMEFRAME UPDATE
2024-11-12

#ETHUSDT | DAILY TIMEFRAME UPDATE

In my last analysis for #ETH, I mentioned that after the consolidation phase, we’d likely see an expansion phase. True to form, #Ethereum surged over 34% to the upside—without any leverage!

What’s next for #ETH? 🤔

On the higher time frame, the trend remains bullish. If we see a retracement or pullback to the $2,886.47 - $2,722 zone, this could be a good opportunity to consider a BUY position.

Note: I know some of you are thinking about shorting #ETH down to this zone. No! Do not short it! Instead, patiently wait for the price to approach this area.

Once the price enters the grey area and provides confirmation, I'll share the targets. ✅

If the price drops below $2,342, the setup will be invalidated. ❌

