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Welcome to the new ETH update. ETH is currently trading above $1900 level.
As you can see in the chart, it is forming a bull flag kind of structure in 4hr time frame and already has a breakout. After the breakout, it is currently retesting it. After this successful retest, we can expect a pump from ETH.
Although we have a strong resistance around the $2k level so for further confirmation it needs to break and hold above the $2k level. If it holds above the $2k level then the short-term target is $2200
Invalidation:- If any 4hr candle closes below $1870, then this bullish scenario got invalidated.
If you like this idea then do support it with like and follow.
Also, share your views in the comment section.
Thank You!
Welcome to the new ETH update. ETH is currently trading above $1900 level.
As you can see in the chart, it is forming a bull flag kind of structure in 4hr time frame and already has a breakout. After the breakout, it is currently retesting it. After this successful retest, we can expect a pump from ETH.
Although we have a strong resistance around the $2k level so for further confirmation it needs to break and hold above the $2k level. If it holds above the $2k level then the short-term target is $2200
Invalidation:- If any 4hr candle closes below $1870, then this bullish scenario got invalidated.
If you like this idea then do support it with like and follow.
Also, share your views in the comment section.
Thank You!
ETH: Forming bullish pennant in ltf. If breakout, expect it to pump above the $2k level. Keep an eye👀
Invalidation- Close below the pennant.