#BinanceTurns7 $ETH

The Ethereum (ETH) market sentiment for the next day appears bullish, supported by several indicators. Ethereum's price is projected to rise to around $2,398 on September 16, 2024, marking a potential gain of about 1.41% from current levels​(

CoinCodex

)​(

CoinGape

).

Key reasons for the bullish outlook include:

Bullish market sentiment: A significant majority (about 58%) of traders are holding long positions, indicating expectations of further price gains​(

Coinpedia Fintech News

).

Technical breakout: Ethereum has recently broken out of a descending trendline, and is consolidating within a range that suggests a move upward if it closes above key resistance levels​(

Coinpedia Fintech News

).

Bullish pattern: The ETH price chart shows a rounding bottom, a classic bullish reversal pattern​(

CoinGape

).

However, it is important to watch for key levels like $2,390. If ETH closes above this, the bullish momentum is likely to continue. If not, there could be consolidation or minor pullbacks in the short term.

Taking long with 10x. TP $2570 (or) $2840