ETH/USDT Weekly Chart Analysis.
2024-12-17
Category: None

ETH/USDT Weekly Chart Analysis.

A textbook cup and handle pattern emerged during the weekly timeframe.
ETH has broken the downtrend resistance line, indicating a strong bullish reversal.
The breakout above the key resistance near $3,900–$4,000 confirms the bullish trend.

The volume and momentum indicate continuation towards higher levels.
The 21 EMA (black line) is acting as strong dynamic support.
ETH remains well above the EMA, reinforcing the bullish sentiment.
The immediate resistance lies at the psychological level of $4,500.
The cup-and-handle pattern offers a measured move towards $6,000 in the medium term.

ETH has maintained its breakout momentum, targeting $4,500 and beyond.
Pullbacks towards $3,800–$4,000 are possible to confirm support before further gains.
ETH/USDT has confirmed a bullish breakout from a massive cup and handle pattern. Pullbacks are reload opportunities with upside targets of $4,500–$6,000. Stay bullish and look for sustained momentum!

Disclaimer: This analysis is for informational purposes only and does not constitute financial advice. Always conduct your research and consult a financial advisor before making investment decisions.

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@Peter_CSAdmin