đ„ Ethereum rallied 37%. Is $3K next, or a bull trap?
The rally caught my attention, but what $ETH does next matters more.
After climbing 37% in 10 days to $2,564, ETH has started moving sideways. Thereâs a potential bull flag forming, with a projected target around $3,050.
What stands out to me is how well ETH has held up despite rising US bond yields. Thatâs usually a headwind for crypto, yet buyers havenât given much ground.
Still, a pattern isnât a promise. Lose the $2,350â$2,360 area and the bullish setup breaks down. Fridayâs US inflation report could decide which side gets tested first.
I can see the case for $3K. I just want to see $ETH break out before treating it as the next stop.
Would you wait for confirmation, or does this look like the pause before another leg up? #Macro Insights# #Altcoin Season# #BTC Price Analysis#
The rally caught my attention, but what $ETH does next matters more.
After climbing 37% in 10 days to $2,564, ETH has started moving sideways. Thereâs a potential bull flag forming, with a projected target around $3,050.
What stands out to me is how well ETH has held up despite rising US bond yields. Thatâs usually a headwind for crypto, yet buyers havenât given much ground.
Still, a pattern isnât a promise. Lose the $2,350â$2,360 area and the bullish setup breaks down. Fridayâs US inflation report could decide which side gets tested first.
I can see the case for $3K. I just want to see $ETH break out before treating it as the next stop.
Would you wait for confirmation, or does this look like the pause before another leg up? #Macro Insights# #Altcoin Season# #BTC Price Analysis#
