Ethereum’s Pre-Rally Setup: Holding The $3,600 Zone Could Spur An Upward Trend
Ethereum is holding firm within the $3,600–$3,800 range, showing resilience despite recent market pullbacks. Such a consolidation phase could be the calm before a major breakout, as chart patterns hint at a possible pre-rally formation that might propel ETH toward new all-time highs. Potential Right Shoulder Formation Signals Structural Strength Crypto analyst MarketMaestro delivered a detailed technical update on ETH, noting that the asset recently suffered a key rejection at its neckline resistance. Following this failure, the price is now positioned in a crucial retest phase at a red....
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Ethereum’s price is right now holding in a zone, which is profitable for the Bears. That is a signal of Bull’s advantage. Will an upward trend form? When an upward trend is most likely to happen? The fact that Ethereum’s price has not undergone a downward impulse indicates that the Bulls are still in control. Whether that will lead to a turn to growth depends on how the price will behave at the level of $11.8. If the bulls hold the advantage, that will be a good signal for an upward trend until the minimum of $12.4.
Ethereum’s price is fortifying at a long-term level. If this keeps up, the turn to growth will become more likely than ever. When will the short-term upward trend renew? Ethereum’s fortification at a long-term resistance line has indicated that the bulls are holding the advantage. The downward trend is broken and for the upward trend’s renewal to become very likely, a turnabout structure has to form. A fortification at the level of $10 will be the first signal of the flat ending. Thus, if a turn happens at $10, the odds will lie with the upward trend. For the upward trend to continue,....
Ethereum has formed a wave of a medium-term upward trend. The structure of the downward trend has been disrupted, hence there is a possibility of a medium-term upward turn. Is it a flat or a continuation of a long-term upward trend? The upward trend has equalized the distribution of power between the bulls and the bears last Friday. A break through a zone near $14 means that there is no particular sentiment regarding Ethereum’s price, i.e. there is a sideway movement on the market. Ethereum’s price is forming a wave for a medium-term upward trend. But it’s too early to speak about a turn....
Ethereum’s price is at a level where the following medium-term direction is going to be decided. What trend will the market choose? Ethereum’s price has stopped at an important medium-term resistance of $10. The future trend depends on which side of the market will be holding the advantage. That will be indicated by the market’s structure. The most likely scenario is that Ethereum’s price will not fortify and fail to form a turn to decline at the level of $8.6, which is important for the bears; that will result in the continuation of the upward trend and the increased probability of a turn....
The second-largest crypto asset, Ethereum, is again capturing market attention as bullish momentum builds, but its path to reclaiming higher price levels and maintaining a strong rally is far from guaranteed. As ETH shows strength, crypto analysts point to key zones that might bolster the altcoin’s renewed upward trend. A Pivotal Price Point To Spur […]