⚓️ In the daily timeframe, $ETH has re-entered the bull flag formation it had previously broken down from. Such formations are often viewed in technical analysis as potential continuation patterns to the upside.
📌 For the formation to remain valid, a daily close below the lower boundary would need to be avoided. As of now, that threshold is holding and price action remains within the structure.
📈 If the pattern plays out, the yellow line marked on the chart can be monitored as a key technical reference. However, volume, overall market sentiment, and news flow should also be taken into consideration.
‼️ This content is not financial advice.
