🔷️ Previously, when $ETH was around $2,440, we discussed the formation of a bull flag pattern. Currently, the price has reached $2,820 and has broken above the upper band of the formation, indicating strong buying pressure.
✍️ Technically, a short-term re-test of this breakout level is possible, which is important to confirm the validity of the move. If support holds, the price may move toward the next resistance zone according to the pattern’s projection. These resistance areas are commonly referred to as “yellow lines” in technical analysis.
✍️ Ethereum maintains a leading position in the crypto market due to its strong fundamentals, broad ecosystem, and growing institutional adoption. This upward trend, supported by technical patterns like the bull flag, strengthens investor confidence.
📌 This is not investment advice.
