Ethereum with a signature sauce of classic technical analysis

Good evening, anonymous trader! ETHUSD

Tonight for dinner, we’ll serve Ethereum with a signature sauce of classic technical analysis. So, on the 4-hour timeframe, we have the ETH/USD pair (Coinbase).
At the moment, we’re observing the completion of the "Flag" pattern formation with a breakout of its diagonal resistance at the $2531 level. A successful price consolidation above this level and active movement toward the target will confirm the correct classification of the chart pattern.
A move into the pattern’s range, specifically a drop with a break below the key support at $2496, could disrupt the short-term bullish sentiment on the 4-hour timeframe.



ETH/ BTC