Strong bullish signals are forming on the charts
Ethereum’s recent price action on the 12-hour Binance chart is clearly showing signs of a bullish continuation. After a solid bounce from a key support zone, ETH appears to be setting up for a move toward the $3,000 level.
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🔍 Chart Highlights:
✅ Previous Breakout
ETH broke out of a parallel channel, resulting in a sharp 64%+ rally. This breakout established a new higher high, which confirms bullish market structure.
🟢 Trendline & Support Confirmation
ETH successfully retested a major trendline, which is now acting as dynamic support.
The daily support area, marked in green, aligns with Fibonacci retracement levels, strengthening the base for buyers.
Price consolidated near this zone, suggesting accumulation is taking place rather than distribution.
💹 Volume & Momentum
The volume profile shows increased buying interest at lower levels. If price breaks out with rising volume, it may confirm a strong bullish move.
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🎯 Target: $3,000
The chart projects a bullish path toward the next key resistance at $3,000. This level is not only a psychological barrier, but also a historical supply zone, which could be a target area for short-term traders.
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🧠 Trading Strategy
1. Long Entry:
Ideal entry could be in the $2,700–$2,750 range if ETH retests the support zone and shows strength.
2. Take Profit (TP):
Main target: $3,000. For safer risk management, partial profit can be taken around $2,950.
3. Risk Warning:
Watch out for fake breakouts. Always confirm with volume and momentum before entering trades.
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📌 Conclusion:
Ethereum is currently forming a bullish continuation pattern, and buyers seem to be in control. If the support holds, the next leg up to $3,000 looks likely.
