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Ethereum bullish potential remains intact —the bulls win,🔥🔥
Look at the beauty of this chart. We don't need oscillators, nor any special indicators, the candles are enough.
ETHUSDT shows a long-term ascending channel, higher highs and higher lows. While the higher high is a shy one, a long-term bullish structure is present on this trading pair. It is true now, based on just a few years of data as it is true also based on everything Ethereum has to show. The same for Bitcoin. Crypto is bullish long-term.
We had a very strong bearish period and the market tends to alternate. It alternates between bear and bull.
See how Ethereum closed six consecutive weeks red after months of a bearish wave. It all ends with clear reversal signals. Last week is a Doji. The final nail in the coffin.
Ok. The Doji cements the higher low, the indecision and the change of market direction.
When it comes at the end of a trend, it can reveal upcoming change. And this week turning green is the confirmation we need. This is all based on candlestick reading.
The easy target for ETHUSDT in the coming weeks is $3,065. A more optimistic target sits at $5,790. The second target, it is too early to say. We have to wait to see how strong this bullish wave will be. It all depends.
When in doubt—go all in!
We are going up!
Thank you for reading.$ETH