Hello everyone,
This is SeoVereign, operator of the SeoVereign Team.
Today, I would like to share an Ethereum analysis based on the daily (1D) chart for the first time in a while.
Before reading this post, please refer to the idea I uploaded on April 18, 2025, through the link below. It will help you better understand the context:
🔗![[ETH] 2025.04.18](https://s3.tradingview.com/6/6ssrl8Hn_mid.png)
(Clicking the image will take you to the corresponding link.)
If you look at the April 18 idea, you’ll see that I presented a bullish outlook based on the Deep Crab pattern.
This analysis is a continuation of that idea.
Through years of research, I’ve observed that when a Deep Crab pattern sees a rebound from the PRZ (Potential Reversal Zone), the trend that begins from that point tends to extend for a long time.
If you look closely at the chart, you’ll also see the 2.24 Fibonacci extension level.
Some people messaged me saying, “Since it went above 1.902 and even exceeded the 2.0 Fibonacci line, isn’t this Deep Crab invalid?”
However, I’ve studied harmonic patterns in depth for a long time and have set my own Fibonacci criteria based on that research.
In this particular Deep Crab case, I define the invalidation level as 2.24.
Therefore, I judged that the pattern is still valid, and this allowed me to forecast a long-term bullish trend.
Back to the main point,
Based on this Deep Crab pattern, I’ve consistently maintained a bullish outlook on the daily chart,
and so far, there have been no clear signals indicating a reversal into a bearish trend.
Thus, I would like to post a continuation of the bullish outlook on the daily chart.
On May 19, 2025, there was a sharp drop around the 2,587 USDT level.
At that time, our team expected the bullish trend that started from around 2,447 USDT to hold its low and continue.
However, the price broke below 2,447 USDT and made a new low.
We then closely monitored Bitcoin’s movement in response.
Typically, strong volatility occurs before a major trend begins.
Bitcoin was also showing significant volatility at the time.
So we concluded: “Let’s maintain a bullish stance, but do not be fully convinced until the previous high of 2,587 USDT is clearly broken upward.”
And by the time this post is published, we’ve confirmed that the price has indeed broken above 2,587 USDT.
Therefore, I have come to the conclusion that the bullish trend is still valid.
Based on this, I present the following three target levels.
🎯 SeoVereign’s Ethereum Bullish Targets
1st Target: 3,000 USDT
2nd Target: 3,400 USDT
3rd Target: 3,700 USDT
The market still shows strong volatility.
I sincerely hope you all trade wisely and calmly, achieving great returns,
and may great fortune be with you both in trading and in life.
I’ll see you again in the next daily analysis.
Thank you.
- SeoVereign
This is SeoVereign, operator of the SeoVereign Team.
Today, I would like to share an Ethereum analysis based on the daily (1D) chart for the first time in a while.
Before reading this post, please refer to the idea I uploaded on April 18, 2025, through the link below. It will help you better understand the context:
🔗
(Clicking the image will take you to the corresponding link.)
If you look at the April 18 idea, you’ll see that I presented a bullish outlook based on the Deep Crab pattern.
This analysis is a continuation of that idea.
Through years of research, I’ve observed that when a Deep Crab pattern sees a rebound from the PRZ (Potential Reversal Zone), the trend that begins from that point tends to extend for a long time.
If you look closely at the chart, you’ll also see the 2.24 Fibonacci extension level.
Some people messaged me saying, “Since it went above 1.902 and even exceeded the 2.0 Fibonacci line, isn’t this Deep Crab invalid?”
However, I’ve studied harmonic patterns in depth for a long time and have set my own Fibonacci criteria based on that research.
In this particular Deep Crab case, I define the invalidation level as 2.24.
Therefore, I judged that the pattern is still valid, and this allowed me to forecast a long-term bullish trend.
Back to the main point,
Based on this Deep Crab pattern, I’ve consistently maintained a bullish outlook on the daily chart,
and so far, there have been no clear signals indicating a reversal into a bearish trend.
Thus, I would like to post a continuation of the bullish outlook on the daily chart.
On May 19, 2025, there was a sharp drop around the 2,587 USDT level.
At that time, our team expected the bullish trend that started from around 2,447 USDT to hold its low and continue.
However, the price broke below 2,447 USDT and made a new low.
We then closely monitored Bitcoin’s movement in response.
Typically, strong volatility occurs before a major trend begins.
Bitcoin was also showing significant volatility at the time.
So we concluded: “Let’s maintain a bullish stance, but do not be fully convinced until the previous high of 2,587 USDT is clearly broken upward.”
And by the time this post is published, we’ve confirmed that the price has indeed broken above 2,587 USDT.
Therefore, I have come to the conclusion that the bullish trend is still valid.
Based on this, I present the following three target levels.
🎯 SeoVereign’s Ethereum Bullish Targets
1st Target: 3,000 USDT
2nd Target: 3,400 USDT
3rd Target: 3,700 USDT
The market still shows strong volatility.
I sincerely hope you all trade wisely and calmly, achieving great returns,
and may great fortune be with you both in trading and in life.
I’ll see you again in the next daily analysis.
Thank you.
- SeoVereign
🌐서버린 공식 pc웹
🔗seovereign.vercel.app/
💬텔레그램 공지방
🔗t.me/seovereign_updates
트레이딩뷰에는 한정적으로 아이디어를 게시합니다.
모든 관점은 토론방에서만 보실 수 있습니다❗
공지방 입장 후 토론방 신청해주세요.
🔴악플과 악의적인 댓글 작성 시 예외 없이 형사고소하며, 악플에 대해 절대 관용을 두지 않겠습니다.
🔗seovereign.vercel.app/
💬텔레그램 공지방
🔗t.me/seovereign_updates
트레이딩뷰에는 한정적으로 아이디어를 게시합니다.
모든 관점은 토론방에서만 보실 수 있습니다❗
공지방 입장 후 토론방 신청해주세요.
🔴악플과 악의적인 댓글 작성 시 예외 없이 형사고소하며, 악플에 대해 절대 관용을 두지 않겠습니다.
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.
🌐서버린 공식 pc웹
🔗seovereign.vercel.app/
💬텔레그램 공지방
🔗t.me/seovereign_updates
트레이딩뷰에는 한정적으로 아이디어를 게시합니다.
모든 관점은 토론방에서만 보실 수 있습니다❗
공지방 입장 후 토론방 신청해주세요.
🔴악플과 악의적인 댓글 작성 시 예외 없이 형사고소하며, 악플에 대해 절대 관용을 두지 않겠습니다.
🔗seovereign.vercel.app/
💬텔레그램 공지방
🔗t.me/seovereign_updates
트레이딩뷰에는 한정적으로 아이디어를 게시합니다.
모든 관점은 토론방에서만 보실 수 있습니다❗
공지방 입장 후 토론방 신청해주세요.
🔴악플과 악의적인 댓글 작성 시 예외 없이 형사고소하며, 악플에 대해 절대 관용을 두지 않겠습니다.
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.