I can see on the chart shows the Ethereum/USDT pair on the 1-hour timeframe, forming a bullish flag pattern. 📈 Bullish flags suggest continuation of the prior uptrend, indicating a potential breakout. The RSI value of 51.22 reflects neutral momentum, aligning with the consolidation phase before a potential breakout. EMA ribbons below the price confirm strong upward support. A breakout above the flag's resistance could trigger a rally towards the profit targets. 🚀
Also I can see on the chart displays Bitcoin Dominance (BTC.d) in a rising wedge pattern, which signals a bearish reversal. 📉 A breakdown from the wedge aligns with the bearish RSI divergence, where price rises but RSI declines, indicating weakening momentum. ⚠️ EMA ribbons support the uptrend but show signs of losing strength. Watch for confirmation of the breakdown. 🚨
These clusters, particularly the bright yellow zones, indicate high levels of leveraged positions being liquidated as price moves upward. This often clears resistance and can fuel further bullish momentum. 📈
For Ethereum (ETH), this liquidation could act as a catalyst for further upside, as traders adjusting positions may add to buying pressure. However, remain cautious and watch for confirmation of sustained upward movement before assuming a fully bullish scenario. ⚠️
Entry Price: $3,986 or Market Price
Profit targets are clearly outlined:
1st TP: $4,080
2nd TP: $4,245
Stop-Lose: $3890
$ETH
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