ETH Market Analysis:
The 30-minute chart shows sideways consolidation to form a platform. Currently, it is breaking above and retesting the platform. Watch to see if it can push higher. The resistance levels are at 2970 and 3050, while the support level is at 2870. Long positions are still being held. The rebound strength of BTC is somewhat weak, consolidating above the support level around 85000. Overall, it is in a converging triangle pattern. Bulls and bears are about to see the outcome; patiently waiting for a breakout. (From Assistant Lumos)
The 30-minute chart shows sideways consolidation to form a platform. Currently, it is breaking above and retesting the platform. Watch to see if it can push higher. The resistance levels are at 2970 and 3050, while the support level is at 2870. Long positions are still being held. The rebound strength of BTC is somewhat weak, consolidating above the support level around 85000. Overall, it is in a converging triangle pattern. Bulls and bears are about to see the outcome; patiently waiting for a breakout. (From Assistant Lumos)






