#ETHUSDT has been trading bearish overall inside the descending wedge, which is marked in red and green.

Currently, it is approaching the lower border of the wedge.

Additionally, $3000 is a strong and distant support. Therefore, the 3000 - 2900 range is a strong area to look for buy setups, as it is the intersection of support and lower trend lines that act as non-horizontal support.

As #ETH approaches the support range, I will look for bullish reversal setups (such as a double bottom pattern, trendline breakout, etc...) Always follow your trading plan in terms of entry, risk management, and trade management.

#ETHUSDT is navigating an ascending channel and is currently poised to retest the channel's lower support. We anticipate that the support at $2800.00 will hold and set the stage for a bullish reversal that could reach the channel's upper resistance.

if #Price fails to maintain the $2800.00 support and breaks below, this could signal an extended downward trend. The subsequent critical demand zone at $2000 is vital to watch, known for its strong liquidity and history of catalyzing significant upward movements.

#ETHUSDT As we expected, the price reached our target range of 3000 - 2900 in its recent decline, which we had identified in the previous analysis. And then the price moved upwards. Now the price will be in a range and if the trendline is broken, we can see the price rise.

#ETHUSDT Ethereum has formed a beautiful bullish flag pattern on the monthly timeframe.

If there is a bullish breakout, we can expect the price to reach the target area of ​​$15,000.

#ETHUSDT Very, very low volume on the drop. Just notice the bars, look at the chart. Isn't it clear?
I mean, based on technical analysis. I admit that the chart signals can be ignored and the market move against all odds, but normally, they work. It is the only tool we have available to try and predict what will happen next. The Ethereum chart is saying, "A reversal is coming, prices are about to start moving up. Get ready!"

#ETHUSDT seems to be forming a double top pattern.

The market is not ready for an uptrend yet; there is a high probability of a medium-term downtrend, then the uptrend will begin!

#ETHUSDT Ethereum is looking for a new ATH just like Bitcoin was able to make an ATH. Ethereum is growing in an ascending channel, the ceiling of which will be the target of the previous ATH. Considering that the market is completely bullish, we expect all altcoins to grow one after the other.

#ETHUSDT Ethereum has maintained a bullish structure on the monthly chart and the rally below key resistance continues.

Given the formation of a bearish widening wedge and the accumulation phase, the target for this cycle could be in the $7,000-$8,000 range.

Here #ETHUSDT is trading within higher lows. This is interesting because Bitcoin produced a lower low recently. The same volume signal is present here, has been producing lower bearish volume since last month.

The RSI produced a lower low while produced a higher low. This is called a hidden bullish divergence. Ethereum's bears did not only fail to take out the last low 24-July but also the previous one, and this clearly reveals bullish support.

The RSI being oversold is also a positive condition and can signal a reversal happening soon. Not truly a reversal because we are not in a downtrend, we are still witnessing a small pause after a strong rise; consolidation near resistance. A continuation reads better.

Ethereum's price continues really strong and the short-term signals are pointing to bullish action being favored in the coming days. We can wait easily and patiently because the best is yet to come.

#ETHUSDT Ethereum is growing strongly and the price is breaking the resistance level. If it breaks and the price consolidates above it, the price is expected to move towards the targets of 5000 and 6000.