ETHUSDT: Is the W Pattern Setting Up the Next Move?
$ETH has formed a clear W / Double Bottom structure on the 1D chart. Please trade it.
The key area was around $1,558, where price tested the lows twice and buyers stepped in. After reclaiming the neckline, ETH pushed higher and is now consolidating around $1,900–1,950.
🔑 Levels I’m watching:
• $1,997 — major resistance / breakout level
• $1,958 — immediate resistance
• $1,896 — near-term support
• $1,764 — important support
• $1,678 — W-pattern / structural support
• $1,558 — double-bottom area
If ETH can break and hold above $1,997, the W-pattern could have room to continue playing out toward higher levels.
On the other hand, losing the key support zones would weaken the bullish setup.
For me, the important question is not “Will ETH go up?” — it’s whether price can turn resistance into support.
What do you see here: breakout or rejection?
#ETH #WPattern #DoubleBottom