$ETHEthereum (ETH/USDT) on the weekly timeframe is consolidating within a large symmetrical triangle, nearing a crucial decision point. Price is currently testing the 100 EMA (blue) as support, while the 200 EMA (purple) remains below as a stronger long-term support level. Holding above the 100 EMA and ascending trendline could trigger a breakout towards the $3,800 - $4,200 resistance zone. A clean break above this range would confirm bullish momentum. However,
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ETH is holding strong, What does it mean?🤔🤔
$ETHEthereum
(ETH/USDT) on the weekly timeframe is consolidating within a large symmetrical triangle, nearing a crucial decision point. Price is currently testing the 100 EMA (blue) as support, while the 200 EMA (purple) remains below as a stronger long-term support level. Holding above the 100 EMA and ascending trendline could trigger a breakout towards the $3,800 - $4,200 resistance zone. A clean break above this range would confirm bullish momentum.
However,