Ethereum started forming a symmetrical triangle on the weekly timeframe. The breakout of this pattern will occur with the weekly candle closing above the $2025 level.
At the same time, Ethereum, which fully adapts to the moving averages, especially in the weekly time frame, will make a weekly candle closing above $2025, which will mean that it will break the moving average. The first target after this breakout will be the $2531 resistance. If this resistance is exceeded, the next target will be the $3417 resistance. In this scenario, we will watch the moving averages specifically for pullbacks. (WMA40, WMA120)
In a possible breakout, the negative scenario will target the RMA200 level of $1176. This target will only be active at the close of the weekly candle below $1700.
At the same time, Ethereum, which fully adapts to the moving averages, especially in the weekly time frame, will make a weekly candle closing above $2025, which will mean that it will break the moving average. The first target after this breakout will be the $2531 resistance. If this resistance is exceeded, the next target will be the $3417 resistance. In this scenario, we will watch the moving averages specifically for pullbacks. (WMA40, WMA120)
In a possible breakout, the negative scenario will target the RMA200 level of $1176. This target will only be active at the close of the weekly candle below $1700.