ETH: Bullish Momentum Emerging on the Daily Chart

ETH: Bullish Momentum Emerging on the Daily Chart

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!

❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️