๐Ÿ”ท๏ธ On the daily timeframe, #Ethereum# completed a bull flag formation, reaching a technical level before undergoing a healthy correction. This correction was met with a strong bounce from the lower boundary of a rising triangle, triggering another upward move in the $ETH price.



If the formation continues to play out, the technical resistance level marked by the purple line can be monitored.

๐Ÿ“Š Technical Indicators:

โœ… RSI (~60): Close to the overbought zone but still supporting upward momentum.
โš ๏ธ MACD: Recently crossed to the upside, indicating growing buyer strength; confirmation is still needed.
โš ๏ธ ADX (~25): Around the threshold; a move above 25 would confirm a stronger trend.
โœ… Volume: Increased during the recent dip, signaling renewed buyer interest.

โ€ผ๏ธ The rising triangleโ€™s support band should be watched closely. While the technical outlook remains positive, confirmation from indicators is essential for a sustainable move.

โš ๏ธ This content is not investment advice. Crypto assets carry high risk; please do your own research before making any trading decisions.

#ETH # Ethereum# #Crypto # altcoin
ETH1.25%
MOVE-2.55%
IN-11.03%
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