Okay brothers, let's dissect this delicious $ETH chart and see if there's anything interesting. After the recent correction, Ethereum has shown incredible strength by creating a strong bullish candle from the support area. On the 1D frame, ETH/USDT has just found significant buying pressure at the dynamic support area of the uptrend channel. The important SUPPORT ZONE lies between 2,600 USD and 2,900 USD has held firm. Currently, the price is trading around 3,052 USD. If it stays above the 3,000 USD mark, the next target will be the old resistance around 4,100 USD, and the ultimate target is the peak of 5,396 USD.
On a fundamental level, $ETH is receiving strong support from the community and institutions. The recent approval of the Spot Ethereum ETF in major markets (like Hong Kong) and the strong network upgrade process (e.g., Dencun has been successful) are reinforcing $ETH's leading position in the DeFi and L2 space. With technical signals combined with positive news, this is a good time to gradually accumulate at the current price level (DCA) or after the price confirms breaking the nearest minor resistance.
Recommendation for everyone to HOLD and Stacking $ETH at Binance.
Brothers are holding which altcoin, just comment and I'll check the chart for you!
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