$ETH
ETHUSDT
1,795.45
+1.45%
After a long period of consolidation within a descending channel, ETHUSDT is showing signs of life as it finally breaks out with bullish intent. This technical breakout could mark the beginning of a fresh bull run, reminiscent of past explosive moves we’ve seen from ETHEREUM following major corrections. Historically, ETH has experienced drawdowns of over 90%, only to bounce back stronger and reach new all-time highs.
Currently, ETHUSD remains deep in the oversold zone, suggesting it’s still undervalued relative to its potential. As momentum begins to pick up, we could see targets being hit one by one, driven by renewed investor interest and favorable market conditions.
Moreover, the recent surge in ETHUSD ETF inflows adds fundamental weight to the technical setup. This institutional participation could act as a catalyst for a sustained rally, reinforcing the bullish bias.
That said, risk management is key. Always trade with a clear stop loss and position sizing to protect capital. The opportunity is brewing – the question is, are you ready to ride the wave?
ETHUSDT Currently trading at $1790
Buy level : Above $1750
Stop loss : Below $1490
Target : $4000
Max leverage 3x
Always keep stop loss Follow for More Technical Analysis Updates, | Like, Share and Comment Your thoughts
