Ethereum Daily: Bullish Structure Intact, Key Supports Ahead

Ethereum Daily: Bullish Structure Intact, Key Supports Ahead

• Established Uptrend & Breakout: Ethereum has successfully completed a bullish "Cup and Handle" pattern, leading to a strong move upwards. It has since been trading within a well-defined ascending channel on the daily timeframe.
  
• Key Support from Prior Breakout: The $3,900 level, previously a resistance that marked a "Recent Breakout," is now a significant area of support that we should watch closely on any pullbacks.
  
• Critical Deciding Support: A more crucial "Deciding Support" for the current bullish impulse is found at $3,350. Maintaining above this level is essential for the immediate continuation of the uptrend.
  
• Long-Term Structural Integrity: The long-term bullish market structure remains intact as long as Ethereum holds above the "Market structure shift support" at $3,000. A break below this would signal a significant change in the trend.
  

Disclaimer:
The information provided in this chart is for educational and informational purposes only and should not be considered as investment advice. Trading and investing involve substantial risk and are not suitable for every investor. You should carefully consider your financial situation and consult with a financial advisor before making any investment decisions. The creator of this chart does not guarantee any specific outcome or profit and is not responsible for any losses incurred as a result of using this information. Past performance is not indicative of future results. Use this information at your own risk. This chart has been created for my own improvement in Trading and Investment Analysis. Please do your own analysis before any investments.