ETHUSD Possible bounce to the Up Side from the support crossing

Oct 16, 2024

The market has formed a double bottom and has successfully broken and closed above this pattern, as well as above the previous resistance level at 2650, which had been respected before. This indicates that the market is creating higher lows, signaling increased buying pressure. If the price bounces off the support zone below and forms rejection candles, it would suggest strong buying interest and further confirm the potential for an upward trend. The target is the resistance zone around 2750

Oct 21, 2024

Trade closed: target reached

ETHUSD Target reached!

Price increased over 5% since the analysis was published!