📊 ETH/USDT Analysis (1M timeframe)

Current price: $2,519.14

Daily range: $2,488 – $2,553

Volume: 762.79 million USDT

🔶 Technical Analysis:

A symmetrical triangle is clearly forming on the chart — a classic accumulation pattern before a strong movement.

🔼 Upper resistance boundary — ~$4,868

🔽 Lower ascending support — ~$1,948

The price is closer to the middle of the figure, after touching the lower boundary and a local bounce (marked by point B).

🔍 Volumes and Indicators:

OBV (On Balance Volume): declining, indicating a possible waning interest from buyers.

MA(5) and MA(10): close to each other, no crossover — the market is in a consolidation phase.

🧠 Conclusion:

ETH is in the final stage of the triangle's narrowing. The potential breakout may be sharp.

📈 Upside breakout — with potential towards $4,800+

📉 Downside breakout — will open the path to $1,900 and below

📌 Pay attention to volumes during the breakout — they will confirm the direction.

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