ETH/USDT Unique Technical Structure: Large Accumulation + Recovery Setup
This chart shows Ethereum’s price action over the past few years, highlighting key support and resistance areas. A strong visual signal (blue arrow) indicates bullish potential.
Chart Pattern Implications:
The pattern on this chart is not a classical shape (e.g., cup and handle), but it does show a Wyckoff-style accumulation phase followed by a failed breakout and reaccumulation:
Strong base formed between $1,000-$1,400
A series of lower highs and a range-bound structure after the 2022 peak
The bullish projection illustrated by the arrows shows a potential recovery towards the ATH again
This setup suggests that Ethereum is at a critical juncture – either:
It retests current support and begins a new uptrend.
Or it risks another test of the $1,400-$1,050 range before a breakout.
Risk-Reward: Current levels ($1,796) offer attractive long-term entries if you’re bullish.
Caution Zone: If ETH breaks below $1,400 with volume, $1,050 becomes the next key defense.
If you found this analysis helpful, hit the Like button and share your thoughts or questions in the comments below. Your feedback matters!
Thanks for your support!
DYOR. NFA
This chart shows Ethereum’s price action over the past few years, highlighting key support and resistance areas. A strong visual signal (blue arrow) indicates bullish potential.
Chart Pattern Implications:
The pattern on this chart is not a classical shape (e.g., cup and handle), but it does show a Wyckoff-style accumulation phase followed by a failed breakout and reaccumulation:
Strong base formed between $1,000-$1,400
A series of lower highs and a range-bound structure after the 2022 peak
The bullish projection illustrated by the arrows shows a potential recovery towards the ATH again
This setup suggests that Ethereum is at a critical juncture – either:
It retests current support and begins a new uptrend.
Or it risks another test of the $1,400-$1,050 range before a breakout.
Risk-Reward: Current levels ($1,796) offer attractive long-term entries if you’re bullish.
Caution Zone: If ETH breaks below $1,400 with volume, $1,050 becomes the next key defense.
If you found this analysis helpful, hit the Like button and share your thoughts or questions in the comments below. Your feedback matters!
Thanks for your support!
DYOR. NFA
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Bài đăng liên quan
Thông báo miễn trừ trách nhiệm
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.