ETH/USD Technical Analysis – “Bullish Reversal Pattern Forming”

anteayer

🔹 Chart Overview:

The chart illustrates a clear market structure shift (CHoCH) followed by a descending channel breakout, signaling a potential bullish reversal.
Price action has respected the major support zone around $3,700–$3,750 and is now showing signs of recovery.

💹 Key Levels:

Support Zone: $3,700 – $3,750 🛡️

Immediate Resistance: $3,965 ⚔️

Major Resistance Zone: $4,150 – $4,200 🧱

📈 Bullish Scenario (Main Bias):

ETH has broken out from the falling wedge pattern, a classic bullish reversal signal ✅.
If price sustains above $3,880–$3,900, we may see continuation toward the $3,965 short-term resistance and potentially a rally toward the $4,200 zone 🎯.

Confirmation Signs:

Retest of breakout trendline holds support 🟢

Higher highs and higher lows begin forming 🔄

⚠️ Bearish Scenario (Alternative View):

If ETH fails to hold above $3,850,
it may retest the $3,700 base again for liquidity before attempting a stronger rebound 📉.

🎯 Trading Outlook:

Bias: Bullish (reversal in progress)

Entry Zone: $3,850 – $3,880 (on confirmation)

Targets:

TP1: $3,965

TP2: $4,150 – $4,200

Invalidation: Break below $3,700 ❌

📌 Conclusion:

ETH/USD is showing a bullish recovery setup after breaking its descending channel.
Maintaining support above $3,850 could fuel a move toward $4,200, completing a clean market structure reversal 🌕💪

anteayer

Operación activa