Some HTF $ETH chart technical analysis 👇
Since the last bull market the price has formed an ascending triangle pattern, a bullish continuation setup 📈
Since the summer there have been a number of higher lows, indicating that there is sustained buying pressure pushing the price closer to the key breakout zone.
⤵️ $4,000 is the key resistance level that has been tested multiple times and coincides with the top of the ascending triangle
Recently, spot ETH ETFs have seen some good net inflows, even surpassing spot BTC ETFs weekly inflows for the first time since their launch 📊
If this trend continues we will see a breakout above $4k where ETH will be set to reach $6k or even $10k in 2025 🤑
