Ethereum Technical Analysis Update

#Ethereum Technical Analysis Update

Chart Pattern: Bull Flag Formation
Ethereum is showcasing a classic bull flag pattern on the ETH/USDT chart. This is often a bullish continuation pattern, indicating potential upward momentum if the market conditions align.

Key Breakout Level: $3,250
If Ethereum breaks and holds above the $3,250 resistance level, we are likely to witness a significant rally. A successful breakout could potentially set ETH on a path to a new all-time high! Keep an eye on this crucial level for decisive moves.

Support: $2,750
Resistance: $3,250

Trade Wisely and Always Use Stop Loss.