Since May 9, ETH has been consolidating for about a month, forming a bullish pattern. The price continues to fluctuate within the 2330 - 2800 range.
While the pattern appears bullish, it remains unclear whether it has fully completed. Without a decisive breakout accompanied by strong bullish volume, ETH could retreat to 2440, potentially forming a larger structure before resuming its upward move.
The broader outlook still suggests bullish momentum, but the market is not yet ready to initiate the next leg up.
Today's U.S.-China agreement and U.S. CPI data will be key events to watch.
Key Target Zones: 3300 🎯 3800 🎯
You may find more details in the chart!
Thank you and Good Luck!
Trade at your own Risk 👍
Best Regards, Trade Cryptocurrency
Stay Tuned for Further Updates.
