Very very IMPORTANT Detailled ETH Analysis and Update*
*Big Picture Time Frame*
Ethereum (ETH) is forming a Cup and Handle pattern on the weekly time frame, which is a very bullish indicator. Following a breakout, ETH's price may surge past the 4000 area, potentially reaching 5000.
*Key Support and Resistance Levels*
The main trendline supports and resistances on the weekly time frame are:
- *Supports:*
3020, 2720
- *Resistance:*
4000
These two support areas (3020 and 2720) can play a vital role in pushing the price higher, providing a strong foundation for a potential upward move.
*Outlook*
With the Cup and Handle pattern in place, ETH's prospects look promising. A successful breakout above the resistance level could lead to a significant price appreciation, making ETH an exciting asset to watch in the coming weeks.
i am posting 4hour UPDATE in my next post for ENTRIES.
