ETH Price Analysis: Inverted H & S Pattern Signals Bullish Reversal; Is Correction Over? - BitcoinEthereumNews.com
स्रोत Tradingview Over the last three weeks, the ETH recovery rally registered a 36% gain from $2400 support. However, the buyers faced supply pressure at the $3300 psychological level, triggering a minor retracement of 14%. The shared support of $2800 and 20-DMA prevented further downfall and pushed the altcoin upward. The technical chart shows the formation of an inverted H&S pattern in the daily time frame. A bullish breakout from the overhead resistance trendline would complete this pattern, indicating a better possibility for trend reversal. The sustaining buying would surge the coin price to the near resistance of $3645, which stands as key resistance for a bullish rally. On a contrary note, if sellers pulled the altcoin from the resistance trendline, the coin price would retest $2800 support, along with the threat to sink to $2400. तकनीकी संकेतक The ETH/USDT pair trading below the 100 and 200 DMA reflects a bearish trend. However, the rising 20 DMA bolsters the current recovery rally. The daily-MACD indicator line stands at the doorstep of the neutral zone. If ETH buyers completed the bullish pattern, the MACD and signal would jump above the midline, providing additional confirmation to long traders. प्रतिरोध स्तर- $3380, $3645 Support levels are- $2800, 2400 अस्वीकरण प्रस्तुत सामग्री में लेखक की