This ETH/USDT weekly chart shows a potential Cup & Handle pattern. The diagonal white line marks a long-term resistance, connecting previous highs. Ethereum is currently testing or breaking above this level, hinting at a possible bullish trend. 📈
The RSI indicator, around 57.98, reflects strong buying momentum. If ETH successfully breaks the resistance, prices could soar, as indicated by the upward projection. 🚀
Breakouts often attract buyers, but caution is advised against false breakouts or rejections. If rejected, support near $3,000 could come into play. 📊
Targeting $7,021.61, this move looks promising, but always assess broader market conditions before investing! 💡
This chart represents the TOTAL2 market cap (all cryptocurrencies excluding Bitcoin) in a weekly timeframe. The pattern visible here is a cup and handle formation, a classic bullish continuation setup. 🏆
The rounded bottom (the "cup") suggests accumulation over time, while the breakout above the horizontal resistance indicates a strong potential for upward movement. The projected target after breakout often matches the depth of the cup, hinting at a possible rally. 🚀
The EMA ribbons below show a healthy uptrend with consistent support. The RSI at 65 signals bullish momentum, but it's not yet overbought. 📊
If the market maintains strength, TOTAL2 could surge, boosting altcoin prices. However, stay cautious of resistance rejections! 💡 So I am 99% sure ETH Big Pump soon.
I'm bearish in the short term due to short liquidations, but bullish for the long term. Once the liquidation clears, ETH will rise again and easily reach 3500$ 📉🔻📈🚀💰
Entry: 3298.33$ or Market Price
1st Tp: 4056.64
2nd Tp: 5529.26
3rd Tp : 6044.36
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$ETH #swap_crypto