ETH: Potential Bullish Signals on the 1-Hour Chart?

7월 8일

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Ethereum (ETH) is currently showing some interesting signs on the 1-hour timeframe. Let's break down what we're seeing:

Possible Double Bottom: The chart suggests a pattern resembling a double bottom, which can be a bullish technical indicator. However, confirmation is needed.

Descending Triangle: ETH is also forming a descending triangle pattern. This pattern can indicate a breakout in either direction, so further confirmation is required.

Here's what to watch:

Breakout: A clean break and close above the neckline of the descending triangle and the double bottom's resistance level would be a bullish signal, potentially leading to a price increase towards $3300 this week.

Invalidation: An hourly close below $2840 would weaken the bullish case.

What are your thoughts on ETH's current price action? Do you see a bullish pattern? Share your analysis in the comments below!

7월 9일

노트

#ETHUSDT: Following the projection perfectly so far. Breakout and retest are done of the triangle. Now it is facing some resistance at the $3070 level. We need a clear break and hold above this resistance level for further upside movement.