Yeh Ethereum (ETH/USDT) ka weekly chart hai jisme price movements aur kuch key patterns ko highlight kiya gaya hai.

Key Observations:

1. Ascending Channel:

• Chart ke left side mein, 2023 ke period mein, ETH ek ascending channel mein trade kar raha tha, jisme price gradually higher highs aur higher lows bana rahi thi. Ascending channels bullish patterns hote hain, jo upward momentum ko indicate karte hain.

2. Breakout with Volume Spike:

• Is channel ke breakout ke baad, price mein sharp increase aaya aur volume spike bhi hua, jo buying pressure ko confirm karta hai. Breakout ke baad ETH ne around 80% ka gain kiya aur 105 days (15 weeks) ke duration mein 1,816.60$ increase hua.

3. New Rally Pattern:

• Right side par, ab ek naya pattern ban raha hai jo previous pattern jaisa lagraha hai. Yeh suggest karta hai ke agar similar breakout hota hai, toh ETH dubara around 80% ka gain de sakta hai, jo usko approximately 5,000$+ range tak le ja sakta hai. Chart mein ye target upper blue box ke andar highlight kiya gaya hai.

4. RSI (Relative Strength Index):

• Neeche RSI indicator dikh raha hai, jo momentum aur potential trend reversals ko show karta hai. Abhi RSI 40-50 range mein hai, jo potential accumulation zone ko suggest kar raha hai. Agar RSI upward movement dikhata hai aur 50-60 se upar jata hai, toh bullish momentum aur strong ho sakta hai.

5. Volume Analysis:

• Volume analysis bhi yahaan important hai, kyunki previous breakout mein volume spike ne buying pressure ko confirm kiya tha. Ab bhi volume spike ki zaroorat hai taake nayi rally sustainable ho sake.

Summary:

Is chart analysis ke hisaab se, agar ETH similar pattern follow karta hai aur ascending channel ka breakout hota hai, toh ETH 80% tak gain kar sakta hai, jo 5,000$+ ke upar tak price ko le ja sakta hai. RSI aur volume ka movement critical hai; agar in indicators mein bullish signs milte hain toh is analysis ke strong hone ke chances hain. 🤝#EthereumRally #AltCoinSeason $ETH

$BTC