Juicy ETH Setup! Is Ethereum gearing up for a parabolic move to $7k? 👀

Alright team, let's break down this juicy ETH chart and see what's cooking. Ethereum is looking incredibly primed for its next major move!
ETHUSD's 1D chart is showing a strong bounce off its ascending trendline support, hinting at a potential rally towards $7,000.

On the daily timeframe, ETH has found robust support at its key ascending trendline, precisely where we're seeing the price consolidate around $3,975. This trendline has been a reliable foundation for its upward trajectory. Below that, we have a very strong horizontal support zone at $3,379.72 that could act as a strong demand zone if needed. The immediate upside potential targets the $7,009.60 resistance level, marking a significant psychological and technical barrier.

This pullback to trendline support presents a fantastic opportunity. The bounce is confirmed by the bullish engulfing candle visible. I'm personally looking for confirmation of higher lows and volume increase to solidify this move. The overall market structure remains bullish for Ethereum, and this retest of support is exactly what strong trends do.

Highly recommend HOLD and Stacking ETH at Binance.
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