Ethereum/USDT: Bullish Breakout with Potential Reversal Zones
2024-11-08

hello guys.

let's analyze ETH!


Trendline Breakout: ETH recently broke above a long-standing downward trendline, indicating a potential shift from bearish to bullish sentiment.

Pattern Breakout: The breakout from a consolidation pattern further supports a bullish continuation, suggesting momentum toward higher targets.

Reversal Zones:
The first potential reversal area is around 2,880 - 2,900, where price may face resistance.
The second possible support zone lies near 2,680 - 2,700, providing a backup level if price retraces.

 Target: The next bullish target is around 3,300, which aligns with previous resistance.
