ETHUSD is once again testing the upper boundary of a long-term symmetrical triangle on the monthly chart. This pattern has been forming since the 2021 peak, showing consistently higher lows and lower highs. Previous breakouts from similar consolidation patterns (2017 and 2020) led to massive rallies. With the current monthly candle showing strong bullish momentum, a confirmed breakout above this structure could mark the beginning of Ethereum's next major bull run. Keep an eye on the breakout level for confirmation.
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Hexa
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Hexa
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🚀Telegram : t.me/hexatrades
🌐Website: hexatrades.io/
🗣️Twitter(X): twitter.com/HexaTrades
🌐Website: hexatrades.io/
🗣️Twitter(X): twitter.com/HexaTrades
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.