ETH/USDT 1D Analysis
2024-12-10
Category: None

Ethereum is currently correcting towards the $2,868.68 level (Fibonacci 0.618) on the daily time frame. This move aligns with a potential Inverted Head and Shoulders (IHS) pattern forming—a bullish reversal setup.

If this pattern plays out and ETH maintains support at this critical level, we could see a breakout that challenges its all-time high (ATH) in the coming weeks.

Key Levels to Watch:
Fibonacci Support: $2,868.68 (0.618 Fib level)
Confirmation Zone: A clear breakout above the neckline of the IHS.
Target: Breaking ATH and beyond if momentum holds.
What to Look For:
Bullish volume increase near support zones.
Confirmation of the IHS pattern for a long-term bullish outlook.
Are you ready for the breakout? 🚀

Disclaimer: This is not financial advice. Always do your own research.