The Ethereum (ETH) chart showcases a symmetrical triangle pattern on the 30-minute timeframe, indicating indecision in the shorter term. RSI suggests slight bullish momentum, while stochastic hints at potential consolidation or minor pullbacks. However, the volume profile reveals strong support below the current price, reinforcing the likelihood of a breakout. ETH appears bearish for the shorter timeframe due to sideways movement but maintains a bullish structure for the longer timeframe, supported by higher lows and a continuation trend potential.
The Total2 chart demonstrates a clear bull flag formation, which is indicative of a bullish continuation for altcoins excluding Bitcoin. The RSI is gradually rising, signaling a strengthening bullish sentiment, while the Stochastic RSI is moving towards overbought territory, hinting at short-term consolidation. Overall, the chart supports a bearish outlook for the shorter timeframe but strongly points towards a bullish trajectory in the longer timeframe. This aligns well with the expectation of ETH's performance in the coming weeks.
This chart highlights a neutral consolidation phase, suggesting ETH is bearish for the shorter timeframe yet bullish for the longer timeframe.
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