#ETH/USDT ANALYSIS

ETH is currently forming an ascending triangle pattern on the weekly timeframe. It appears to be encountering resistance at a horizontal level.

The golden crossover has already occurred, indicating a potential bullish trend. The Ichimoku cloud also suggests a bullish outlook.

However, it's worth noting that the RSI recently faced rejection from the overbought region and has formed a hidden bearish divergence.

A decisive breakout above the triangle would confirm the bullish sentiment, but until then, there remains a possibility of a retest of the trendline support within the triangle.