ETHEREUM : THE NEXT BULLISH RUN?
2024-11-09

On the weekly timeframe, ETHUSDT has created Change of Character, which means that the potential bullish trend will be continued. In the ABC correction phase, ETHUSDT has create Descending Broadening Wedge which leads to potential price breakout from the pattern. In the end of C correction, ETHUSDT bounce back in the Fibonacci Golden Zone, including Retest and 3rd Trendline Tap confluence.

Based on my analysis, there are 3 target for the future price of ETHUSDT:
1st Target : 4600
2nd Target : 5300
3rd Target : 7300

1st and 2nd Target will be potentially hit in 2025 or even faster.

This analysis will be invalid if the price breaks or close under 2110.

DISCLAIMER ON!