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The ETHUSDT chart presents an intriguing setup, showcasing a symmetrical triangle pattern on the 2-hour time frame. This pattern is often viewed as a continuation signal, pointing to a potential bullish breakout in the near future. Here’s a detailed analysis of the current market scenario for Ethereum (ETH) against Tether (USDT):
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Chart Overview
Current Price: $3,419Pattern: Symmetrical TriangleTarget Price: $3,743
Indicators Analysis
RSI (Relative Strength Index):The RSI stands at 63.34, indicating that ETH is gaining bullish momentum but still has room to grow before reaching overbought levels. This level of RSI typically signifies healthy upward movement in price.
Stochastic Oscillator:The stochastic oscillator is approaching overbought territory at 97.30, which suggests caution in the shorter time frame as minor pullbacks might occur. However, this is consistent with a bullish breakout pattern.
EMA Ribbon:The exponential moving average (EMA) ribbons are tightening, a sign of reduced volatility and a possible precursor to a significant price move.

Key Support and Resistance Levels
Support Zone: $3,370 to $3,400 – ETH has found steady support in this range, holding above the lower triangle boundary.Resistance Zone: $3,743 – This is the immediate target upon a confirmed breakout from the symmetrical triangle. ( Join my Binance live for premium crypto signals )
Bullish Scenario
The symmetrical triangle suggests a continuation of the recent bullish trend. A breakout above the upper triangle boundary and sustained momentum could propel ETH toward $3,743, aligning with broader market optimism. Increased buying volume and strong technical support further strengthen the bullish outlook.
Bearish Scenario
If ETH fails to hold support at $3,370, a short-term pullback may occur, possibly testing lower support levels. However, the overall trend remains bullish in the longer time frame, making such corrections temporary.
Conclusion
ETHUSDT’s technical indicators and symmetrical triangle pattern point toward a bullish breakout. While short-term caution is warranted due to overbought stochastic levels, the broader market signals support Ethereum’s upward trajectory. Traders and investors should keep a close eye on the $3,400 support and $3,743 resistance levels, as a confirmed breakout could lead to significant gains.
Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. Always conduct your own research before making investment decisions.
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The TOTAL2 chart shows a bull flag pattern, signaling a strong continuation toward the $2.08T target. RSI at 57.98 and stochastic indicate bullish momentum. This aligns with a long-term bullish trend, favoring ETHUSDT growth. 🚀📈

Trade Details:
Entry: Around 3357.65 ( Join my Binance live for premium crypto signals )
1st Tp: 3497.30
2nd Tp: 3646.38
3rd Tp : 3743.70
$ETH #swap_crypto #ETH

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