CHAITHU ๅ
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๐ช Ethereum bull flag as ETH gears up for โUptoberโ
๐นETH recovers above $4000 to $4150.
๐นETH supply on exchange falls to a 9-year low.
๐นETH ETF demand rebounds & BitMine purchases 2.65 million ETH.
๐นSWIFT teams up with Ethereum network Linea for blockchain test.
๐นETH technical analysis - a bull flag formation.
๐ ETH technical analysis
๐นETH/USDT trades in a potential bull flag bullish continuation pattern. From its record high of 4955, the price trades in a falling channel. Recently, ETH/USDT found support on the 100 EMA, rebounding higher to test the 50 EMA resistance.
๐นBuyers will look to push the price above the 50 EMA at 4210 to bring 4610, the upper band of the falling channel, into focus. A rise above here is needed to break out of the bull flag pattern and extend gains towards 4750, the September high, and 4955, the record high.
๐น#Failure to rise above the 50 EMA could see ETH retest 4000 and the 100 EMA at 3880. Below here 3550, the 0.5% Fib level comes into focus.
#ETH $ETH #MarketRebound
@BOBBERs @FOX ๅค
๐นETH recovers above $4000 to $4150.
๐นETH supply on exchange falls to a 9-year low.
๐นETH ETF demand rebounds & BitMine purchases 2.65 million ETH.
๐นSWIFT teams up with Ethereum network Linea for blockchain test.
๐นETH technical analysis - a bull flag formation.
๐ ETH technical analysis
๐นETH/USDT trades in a potential bull flag bullish continuation pattern. From its record high of 4955, the price trades in a falling channel. Recently, ETH/USDT found support on the 100 EMA, rebounding higher to test the 50 EMA resistance.
๐นBuyers will look to push the price above the 50 EMA at 4210 to bring 4610, the upper band of the falling channel, into focus. A rise above here is needed to break out of the bull flag pattern and extend gains towards 4750, the September high, and 4955, the record high.
๐น#Failure to rise above the 50 EMA could see ETH retest 4000 and the 100 EMA at 3880. Below here 3550, the 0.5% Fib level comes into focus.
#ETH $ETH #MarketRebound
@BOBBERs @FOX ๅค
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