Juicy ETH setup right here. Chart looks absolutely primed. Are we entering? 👀

in #crypto6 days ago (edited)

Alright team, let's break down this juicy ETH chart and see what's cooking! 🔥

binance-post-chart.png

Looking at the ETH/USD 1-week chart, the picture is incredibly clear and bullish. After finding solid foundational support around $878.92, Ethereum embarked on a significant recovery, moving from a distinct "BEAR" phase into a powerful "BULL" run.

Currently, price action is respecting a well-defined ascending support zone, indicating consistent buying pressure on dips. We've seen a beautiful bounce from this zone, with ETH currently trading around $4,178.62. This suggests that the bulls are firmly in control.

My game plan is straightforward: I'll be looking for continued strength and potential entries on any minor pullbacks towards the ascending support. The ultimate target is clearly marked at $7,846.79, representing a significant upside from current levels. This setup looks primed for a strong continuation!

Highly recommend HOLD and Stacking ETH at Binance.
https://www.binance.com/join?ref=16799922
Feel free to comment the altcoin you are holding and we will check it for you!

#ETH #Ethereum #TechnicalAnalysis #Crypto #BinanceSquare #Altcoin #Bullish