Ethereum has formed an inverse head and shoulders pattern on the 4-hour time frame, which is typically a bullish reversal signal.
For confirmation, ETH needs to break above the $2,450 resistance level.
Once this breakout is confirmed, the price could target the $2,800 level, indicating a potential upward move.
Keep an eye on volume during the breakout for further confirmation of a strong rally.
For confirmation, ETH needs to break above the $2,450 resistance level.
Once this breakout is confirmed, the price could target the $2,800 level, indicating a potential upward move.
Keep an eye on volume during the breakout for further confirmation of a strong rally.
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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.