
Dan ๐ฉ๐ญ
@d8
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๐ Ethereum Price Poised for Major Rally? ๐
#Ethereum is forming a bull flag pattern, with a potential breakout above $3,600 if it clears the $2,600 resistance. The 200-day EMA supports the current range, while the RSI cools from overbought levels.
Historically, reclaiming the Gaussian Channel midline has led to massive ralliesโ93% in 2023 and 1,820% in 2020. However, failure to break $2,800 could trigger a correction to $2,150-$1,900.
Traders are cautious, with some expecting a range-bound phase before the next big move.
#Crypto #ETH
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