The Market Is Underestimating Ethereum
The current price action on $ETH is displaying a distinct technical structure mirroring Bitcoin’s recent moves—but with even greater clarity.
We are witnessing a series of higher lows, forming a solid triangle pattern. The technical thesis is straightforward: for this bullish structure to remain valid, we must continue to defend these lows.
Key Technical Levels to Watch:
Critical Support: The structure holds as long as price does not break below $2,780.
Ideal Scenario: Bulls should defend the $2,860 level to maintain immediate momentum.
Shorting at these range lows in anticipation of a breakdown presents an asymmetric risk. With BTC and ETH currently aligned in an ascending channel, the advantage sits firmly with the bulls.
#Ethereum #ETH #CryptoTrading #TechnicalAnalysis #Bitcoin
