ETH has been making a Cup & Handle on higher timeframes in USDT chart, and it also broke out of a bull flag, if ETH can manage to breakout of the C&H pattern we'll see it retesting the previous ATH and going into a new discorvery mode in the coming weeks/months.
This TA is done on higher timeframes and for ETH to work out as mentioned we'll need to wait couple of months and price can retest the support zones a couple of times because I do see strong resistance especially at the C&H neckline which is always the most stronger resistance zone to break.
ETH on Bitcoin pair is also looking very very bullish with a month C&H forming up, it is also possible that ETH will flip BTC in the longer run, but let's see!
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This TA is done on higher timeframes and for ETH to work out as mentioned we'll need to wait couple of months and price can retest the support zones a couple of times because I do see strong resistance especially at the C&H neckline which is always the most stronger resistance zone to break.
ETH on Bitcoin pair is also looking very very bullish with a month C&H forming up, it is also possible that ETH will flip BTC in the longer run, but let's see!
If you liked this chart make sure to give me a follow and press the like button :-)
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.