Any break of the ascending channel and closing below it this week = the beginning of a visit to lower prices, which will be a greater opportunity for better entry
📉 Are you reliving history? We notice on the ETH/USDT chart (monthly) the formation of what resembles a "positive divergence" between price movement and the Relative Strength Index (RSI) from mid-2022 to April 2025.
🔹 At the top: price is recording higher lows 🔹 At the bottom: RSI is recording lower lows 🔁 This is known as hidden positive divergence, and it often indicates the potential for a resumption of the upward trend.
💡 The price is currently trading at $2,515, and with the RSI moving above the 50 level, we may be on the brink of a strong movement ahead.
📆 Will the summer be hot for Ethereum? Share your predictions in the comments 👇
▫️ The images illustrate the classic "Cup and Handle" pattern on the BTCUSDT chart, and the target has already been achieved as shown in the second image (after the pattern was confirmed).
▫️ The target was successfully achieved after observing the Cup and Handle pattern. ▫️ In a previous analysis of the "Cup and Handle" pattern on the Bitcoin chart, published on April 14, a clear indication was provided regarding the phase we were in within the pattern. ▫️ As shown in the attached image (updated on May 24), the target was successfully reached (TP IS HIT), as the price surged strongly after the breakout.
The price exceeded the 109,000 USDT barrier as expected. We are now monitoring the formation of a new corrective pattern in preparation for a potential upcoming wave!
Have you been with us from the beginning? What are your expectations for the upcoming phase?