#Ethereum surged above $3,500 post SEC's closure of its investigation into $ETH sales, fueling a bullish trend across Ethereum and altcoins.
Over the last 72 hours, Ethereum's daily chart formed a morning star pattern, indicating potential for a bullish reversal.
The current neckline for Ethereum's bullish pattern is at $3,615. A breakout above this level could extend the uptrend towards the $3,775 resistance.
#Ethereum recently bounced from the $3,350 support zone, showing strong buying momentum.
$ETH has been outperforming Bitcoin and could target the $3,650 resistance next.
Ethereum broke out of a falling channel on June 14, with a subsequent bullish bounce off the upper trendline.
Ethereum is currently forming a symmetric triangle pattern on the daily chart, indicating the possibility of further continuation.
According to Coingabbar Prediction, Breaching the neckline at $3,615 would likely propel Ethereum towards the $3,775 target.
KEY LEVELS :
RESISTANCE LEVEL : $3,630-$3,700
SUPPORT LEVEL : $3,500-$3,420
Disclaimer: Coingabbar's guidance and chart analysis on cryptocurrencies, NFTs, or any other decentralized investments is for informational purposes only. None of it is financial advice. Users are strongly advised to conduct their research, exercise judgment, and be aware of the inherent risks associated with any financial instruments. Coingabbar is not liable for any financial losses. Cryptocurrency and NFT markets could be highly volatile; users should consult financial professionals and assess their risk tolerance before investing.
