Lingrid | ETHUSDT building Block of ACCUMUALTION Befor Expansion

29 thg 8

ETHUSDT is clearly in the accumulation phase, sitting just below the psychological level of 3000. Recently, the price hit a support level that was also tested back in February and subsequently bounced off it. Over the past three weeks, we've observed mostly sideways movement. When examining the weekly timeframe, it's evident that the market formed a long-tailed bar, indicating a liquidity grab below the February low. This suggests that there was strong buying interest after the dip. Given that the market has retested the recent low area and rebounded, I believe we can expect a gradual upward movement from here. My target is resistance zone around 2950.


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