Current Price: Ethereum trading at $3,481 with a 1.46% intraday gain.
Morning Star Pattern: Formed at the $3,300 level, indicating a bullish reversal.
Bullish Candles: Two bullish engulfing candles formed within 48 hours, up by almost 4%.
Early Reversal: Occurred before reaching the long-term support trendline.
Monthly Chart Pattern: Morning star pattern at the 61.80% Fibonacci level.
Increased Bull Cycle Chances: Could challenge the 78.60% Fibonacci level at $3,859.
Double-Top Threat: Early reversal undermines the threat and hints at a bullish cup and handle pattern.
Broad Market Recovery: Uptrend likely to continue with the broader market recovery.
52-Week High Potential: ETH price trend can hit a new 52W high.
Fibonacci Levels: Uptrend can reach $4,617 this month.
Psychological Milestone: Optimistically, the bull run can top the $5,000 mark.
Morning Star Pattern: Formed at the $3,300 level, indicating a bullish reversal.
Bullish Candles: Two bullish engulfing candles formed within 48 hours, up by almost 4%.
Early Reversal: Occurred before reaching the long-term support trendline.
Monthly Chart Pattern: Morning star pattern at the 61.80% Fibonacci level.
Increased Bull Cycle Chances: Could challenge the 78.60% Fibonacci level at $3,859.
Double-Top Threat: Early reversal undermines the threat and hints at a bullish cup and handle pattern.
Broad Market Recovery: Uptrend likely to continue with the broader market recovery.
52-Week High Potential: ETH price trend can hit a new 52W high.
Fibonacci Levels: Uptrend can reach $4,617 this month.
Psychological Milestone: Optimistically, the bull run can top the $5,000 mark.
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.
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.