MAKE ETH GREATE AGAIN
2025-02-03
Category: None

Everyone was shouting that February would be the most profitable month for Ethereum, but the market had its own plans: most traders have been wiped out.

Ethereum (ETH/USDT) Analysis:

The chart illustrates the price movement of Ethereum on a daily timeframe. A broad global range (GLOBAL RANGE 1 WEEK) is evident, extending over several months. The current price is testing the lower boundary near the $2,200 level.

To confirm further upside movement, Ethereum needs to consolidate above the 0.5 weekly range (05 RANGE). If this level holds, a move towards the $3,600 resistance is expected, with a potential continuation upwards to the all-time high (ATH) at $5,000. The downward trend marked as BSL (Breakout Swing Low) may serve as a crucial support level for the upcoming bullish momentum.

Remember the market rewards the patient

BE CALM AND WORK HARD

HODL