My price action analysis for ETH, let's see what will happen
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📈 Ethereum Accumulation Phase Before Major Breakout? 🚀By: Bullmaster 🐂
Hey traders! 👋
After a strong uptrend in late 2024 and a classic distribution zone in December 🟪, ETH entered a steady downtrend 📉. Now, we’re sitting in what looks like a textbook accumulation zone between $1,521 - $2,119 📊.
Key zones: 🔻 Support: $1,521
🔺 Resistance: $2,119
Price is ranging inside this zone 🟪, possibly setting the stage for a massive breakout later this year! 🌋
📅 My projection: ETH might start its bullish climb 📈 around mid-2025, targeting Q4 2025 for a strong rally towards $5,500+ 💰🔥
💬 Let me know what you think! Are we accumulating or just chopping?
#Ethereum #Crypto #ETHUSD #Bullmaster #BreakoutComing #Q42025 🚀
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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.