ETHUSDT – A Breakout Coming?
2024-10-14

Today, Ethereum is showing a steady uptrend after failing to break the key support levels of $2,330 - $2,360. The price has started to recover and is currently hovering around $2,360.

Technically, ETHUSDT can be seen holding above the 34 EMA and 89 EMA, with signs of confluence and a potential reversal near the $2,440 support. Additionally, a double top and bottom pattern has formed, strengthening the possibility of a continuation of the uptrend.

With these technical signals, investors can consider buying orders, aiming for a higher price target, which could reach $2,700 in the near term.