Ethereum's Accumulation Phase and Potential Movements

Ethereum's Accumulation Phase and Potential Movements

Ethereum has been accumulating within a triangle pattern for about three weeks. While the odds suggest a potential rise, the situation is more complex than it appears.

Currently, the market is in a state of waiting for updates from the Trump Administration regarding new cryptocurrency regulations. This uncertainty has caused a freeze in market movements. As a result, Ethereum (ETH) could drop to 2686 before potentially rebounding from that level.

For a bullish movement to take place, ETH needs to achieve a solid breakout above 2860, which would increase the chances of the anticipated upward trend.

Key Resistance Zones: 3045, 3220, and 3420

You may find more details in the chart!
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