#ETHUSDT | DAILY TIMEFRAME UPDATE
2024-10-25

#ETHUSDT | DAILY TIMEFRAME UPDATE

I’m currently analyzing the daily chart for #ETH, and I see that #Ethereum price has been consolidating within a range of $2,112 to $2,815, moving sideways in this area.

What’s next after this consolidation? 🤔

Typically, after a period of consolidation, we expect a phase of expansion. So, following this consolidation, there's a strong possibility for a significant upward move. 📈

I’ve already taken a spot position in ETH, expecting a breakout to the upside. However, this analysis is based on a higher time frame, so patience is key—it may take some time before we see a major move.

