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In Ethereum, a rare graphic figure is created that attracts the attention of crypto analysts. If this is confirmed, this configuration could trigger a strong Haussier movement with a price goal placed around $ 360 in the coming days.
Ethereum: Bull Signal well -known to traders
While the Ethereum is currently in the process of falling 95 % of the costs of blues that threaten its future, the perverse reason. Called inverse head and shoulders (H&S), it is a conversion. It is created after a period of consolidation and expects to change the market crypto management. In the case of Ethereum, the current configuration clearly shows the left shoulder, the lower head, then the right shoulder, with the neck line, which serves as a key resistance (be assured, we always talk about crypto).
To verify this bull scenario, Ethereum will have to cross this neckline, often represented in yellow as the crypto graphics below. A clear turning point in this level could trigger a wave of purchases, powered by increasing pressure up.
Key levels and technical indicators
This hypothesis is strengthened by several technical indicators. RSI (relative force index) remains in the neutral zone and offers a range for the procedure without being overcrowded. MACD, on the other hand, shows signs of positive convergence, reflecting the revival of the Ethereum dynamics.
If the escape confirmation, Ethereum will have to face several resistance. The first important level is around $ 2,160, followed by $ 2,858, which is historically marked with high sales pressure. Exceeding these thresholds could cause ETH to $ 3,360, which corresponds to the main ancient. In addition, the Pectra update scheduled for May 7, 2025 could further intensify the market volatility and positively influence ETH.
Therefore, investors monitor this configuration carefully, ready to act in the event of a signal confirmation. If the volume is accompanied by a fault in key resistance, Ethereum could find permanent dynamics up. In this context, ETH could become one of the most effective assets on the market in the short term.
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The world is evolving and adaptation is the best weapon that survives in this undulating universe. I am interested in everything about blockchain and its derivatives. To share my experience and promote an area that fascinates me, nothing better than writing informative and relaxed articles simultaneously.
Renunciation
The words and opinions expressed in this article are involved only by their author and should not be considered investment counseling. Do your own research before any investment decision.