$ETH

Ethereum's current trend appears to be bullish, with various indicators and analyses suggesting a potential upside. Here's a breakdown ¹ ² ³:

- *Bullish Indicators:*

- *Breakout and Retest*: Ethereum has broken out of a falling wedge pattern and successfully retested the breakout level, confirming a potential bullish continuation.

- *Price Action*: The price is forming a series of higher highs and higher lows, indicating a strong bullish trend.

- *Stochastic Oscillator*: The Stochastic Oscillator is at 65.0, suggesting the market is not overbought and has room for further growth.

- *Resistance Zones:*

- *$2,250-$2,530*: The next key resistance area, with potential targets ranging from $2,530 to $2,550.

- *$2,755*: The next bullish target, based on recent price action and momentum.

- *$3,143 and $3,224*: Immediate resistance levels that could propel ETH towards higher targets if broken.

- *Support Levels:*

- *$1,800-$1,900*: A strong support zone where price previously found buying interest.

- *$2,020*: A crucial level that, if held, could confirm the bullish continuation.

- *$2,340*: A level that, if broken, could lead to a bearish trend.

- *Long-term Targets:*

- *$2,738, $3,058, and $3,514*: Fibonacci retracement levels that could serve as potential targets.

- *$5,770*: A long-term target based on Fibonacci projections and price structure.

Keep in mind that the cryptocurrency market is highly volatile, and prices can fluctuate rapidly. These analyses and indicators are subject to change, and it's essential to stay up-to-date with market developments ⁴.