strong buy
Ethereum Approaching Major Resistance After Accurate Predictions
All my previous forecasts for this asset have proven accurate: we caught the bottom near $1400 and then identified a strong fractal around $2500, which precisely predicted further price increases. Currently, I want to look at the bigger picture. This asset has been in a prolonged accumulation phase that can be roughly divided into two stages: 1. Compression within an ascending triangle. 2. An expanding triangle with a retest of a key support zone—originating from the previous accumulation. In recent weeks, there has been a noticeable increase in buyer activity, clearly visible through volume data. The price is confidently rising, forming a bullish engulfing pattern, and is now approaching the global resistance area stemming from the historical maximum.
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AI Analysis
The recent price action of Ethereum (ETH) against USDT indicates a significant bullish trend that is poised near a critical resistance level. The previous accurate forecasts, including the identificat...
AI Recommendation
Given the current technical setup, it would be prudent to stay alert to a potential breakout above the resistance zone. Traders might consider preparing to enter long positions if Ethereum demonstrate...
Disclaimer
The AI analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.