1. Current Price: ETH is trading at approximately $2,568.51, with a recent price movement noted in the data feed.
2. Support/Resistance Zones:
Three horizontal rectangles are drawn to represent target resistance zones:
Final Target: Near $2,789.88
Intermediate Targets: $2,767.65 and $2,752.16
3. Price Structure:
A descending parallel channel has been marked, indicating a previous downtrend.
Price appears to have broken out upward from the channel, suggesting a bullish reversal.
A projected price path (zigzag arrows) outlines a bullish move targeting higher resistance zones.
4. Historical Price Pattern:
A circled area highlights a prior consolidation or bullish setup, possibly a bullish flag or accumulation phase.
5. Annotations:
Label "ETH" in the center reinforces the asset being analyzed.
The chart includes an expected bullish breakout and rally toward upper resistance levels.
6. Date/Time:
The forecast appears to extend into Friday, May 23rd, 2025, at 23:15, aligning with the end of the projection path.
This analysis suggests a bullish outlook on Ethereum, with a price breakout expected to target the $2,752–$2,789 levels, pending continued buying momentum.