Ethereum ended its pullback in May and resumed its upward trend, with the monthly candlestick forming a long lower shadow doji, indicating strong support below.
More importantly, June began with a volume-filled "morning star" pattern, which is a typical signal of a bottom reversal, suggesting that the monthly-level correction may have ended and bullish momentum is strengthening.
Previously, a reversal was observed on the daily chart, which has gradually influenced the weekly and even monthly trends. Although the monthly reversal is more relevant for medium to long-term traders, understanding the trends across different timeframes is meaningful for any trader. Short-term trading is fast and offers many opportunities, but it has high volatility; long-term trading is slow and requires patience, but offers greater profit potential.
Overall, the trend is evident, and Ethereum is expected to continue its upward trajectory in June. The key lies in understanding the structure, choosing the appropriate timeframe, finding a trading rhythm that suits oneself, and patiently waiting for the market to realize its potential.
