$ETH MULTI-TIMEFRAME UPDATE (12/05/2024)

Current model: Cup and handle, positive signal.

- 15M timeframe: Strong increase, price from $2.267 to $3.900 (+$1.633).

- 6M timeframe: Uptrend, RSI 70.01, in the buying and waiting zone.

- M timeframe: Upward momentum continues, RSI 63.36, trending towards the 70 zone. The market is attractive for both buying and waiting to buy.

- W timeframe: Clear uptrend, RSI 66.48, buying pressure gradually increasing. Positive RSI divergence on the larger timeframe, approaching the 70 zone, supporting buy and wait signals.

Conclusion: $ETH is in a strong uptrend across multiple timeframes, a good opportunity to participate in the market!

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