The daily graph shows the price that accumulates within a bullish, rising triangle, while the range between $ 2691 and $ 2712 acts as a strong resistance zone. In the meantime, the CMF has returned after testing the average range at 0, which indicates a significant inflow of liquidity that can help the price to be increased. In addition, the MACD shows a decrease in sales pressure, which can also promote a bullish crossover. This can help the price to go beyond the pattern that can continue to validate the start of a new bullish trend.
Therefore, until the Ethereum price remains above $ 2550, the bullish structure could continue to prevail, with the upper target between $ 2700 and $ 3000 the most important resistance. However, a confirmation of $ 2800 can be crucial because a downward risk arises when the support is broken. On the other hand, ETH/BTC also shows signs of reversal, which means that possible Ethereum outperformance versus Bitcoin and a wider altea season implies.