#ETHETFsApproved $ETH Ethereum (ETH) recently showed a strong bullish impulse, followed by a brief and healthy correction. The overall price structure suggests a classic bullish reversal pattern, indicating that ETH may be ready to resume its upward trend.
Price has now broken above the pattern, which is a key bullish confirmation. As long as ETH holds above this breakout zone, the probability of further upside continuation remains high.
The first upside target is the 3,160 level, which previously acted as an important structure and reaction zone.
If bullish momentum continues, ETH could extend its move toward the 3,350 area, where strong resistance is expected.
Key Levels to Watch:
• 3,160
• 3,350
More details and confirmations can be found on the chart.
Good luck and happy trading! 🍀
❤️ If this analysis helps your trading day, please support it with a like or comment ❤️
✅ Trade: ETHUSDT Perpetual
Current Price: 2,932.13
Change: -3.04%