ETH/USDT Weekly Chart Analysis.
Structure: The chart shows a large cup-and-handle pattern – a classic bullish formation that signals a long-term trend reversal.
Current Price: Around $4,150, trading above the $3,470-$3,600 support area, which was the previous breakout area.
Moving Average (MA): ETH remains above the weekly MA (~$3,460) – confirming bullish momentum.
Breakout Area: The key downtrend line of 2022 has already been broken to the upside, showing strength.
Upside Target: If ETH maintains a price above $3,600, a potential upside move towards $7,000-$7,200 (≈ approximately +85%) is possible, as shown in the chart.
ETH is consolidating after its breakout, remaining stable above its support level.
Holding $3,600 → Bullish momentum likely to continue.
Loss of $3,400 → Could trigger a deeper decline towards $3,000.
DYOR | NFA
Structure: The chart shows a large cup-and-handle pattern – a classic bullish formation that signals a long-term trend reversal.
Current Price: Around $4,150, trading above the $3,470-$3,600 support area, which was the previous breakout area.
Moving Average (MA): ETH remains above the weekly MA (~$3,460) – confirming bullish momentum.
Breakout Area: The key downtrend line of 2022 has already been broken to the upside, showing strength.
Upside Target: If ETH maintains a price above $3,600, a potential upside move towards $7,000-$7,200 (≈ approximately +85%) is possible, as shown in the chart.
ETH is consolidating after its breakout, remaining stable above its support level.
Holding $3,600 → Bullish momentum likely to continue.
Loss of $3,400 → Could trigger a deeper decline towards $3,000.
DYOR | NFA
Publications connexes
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Publications connexes
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.