$ETH

Lets dive into chart .

The chart shows a potential cup and handle pattern on the 4-hour Ethereum (ETH) against Tether (USDT) chart , WHICH IS PREPARING , NOT COMPLETYE YET.

The "cup" is a U-shaped price movement, visible from the left side by jun 15-20, where the price dipped to approximately $2,111 (low), then rose and consolidated around $2,436 (high), forming the right side of the cup by June 27-28. This resembles a rounded bottom, typical of the pattern.

The "handle" appears to be forming after the cup's peak, with a slight downward consolidation or pullback (around June 28) near the $2,400 level. This is a short-term correction, which is normal for the handle phase.

The resistance level or neckline, is around $2,507, where the price will break out and testing. A successful break above this level with strong volume would confirm the pattern.

The projected upside target is typically the height of the cup ,suggesting a potential target around $2,840. However, this depends on confirmation.

The volume appears higher on the left side of the cup and during the initial breakout, which is positive. A volume increase on the handle's breakout would strengthen the signal.

Caution: The handle is still developing, and the pattern isn’t fully confirmed until the price breaks above the neckline with a strong candle close. Current price is near $2,436, with a slight 0.03% drop, indicating indecision.

This analysis aligns with the cup and handle pattern's definition as a bullish continuation or reversal signal, BUT CONFIRMATION IS NEEDED.