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Welcome to this ETH/USDT Quick Update!
The chart suggests a potential bullish continuation for ETH. It's currently consolidating within a falling wedge pattern, historically considered a bullish reversal sign. There's also good support around $2900-$3000 (green zone). If the price holds above this level, a breakout from the wedge could be imminent, potentially leading to new all-time highs (ATH).
Here's what could invalidate this bullish scenario:
A daily close below $2820.
What do you think about this? Let me know in the comments!
Welcome to this ETH/USDT Quick Update!
The chart suggests a potential bullish continuation for ETH. It's currently consolidating within a falling wedge pattern, historically considered a bullish reversal sign. There's also good support around $2900-$3000 (green zone). If the price holds above this level, a breakout from the wedge could be imminent, potentially leading to new all-time highs (ATH).
Here's what could invalidate this bullish scenario:
A daily close below $2820.
What do you think about this? Let me know in the comments!
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