Ethereum (ETH/USDT): Bullish Cup and Handle Pattern Points to $18,825.92
January 4, 2025
Ethereum’s monthly chart displays a prominent “Cup and Handle” pattern, signaling strong bullish momentum. The RSI remains above 59, supporting further upside, while the Stochastic Oscillator shows a bullish crossover, confirming momentum. Moving averages provide solid support for price action. With this breakout, Ethereum’s next target is $18,825.92, indicating significant potential for long-term growth as this bullish structure unfolds.
The TOTAL2 chart exhibits a bullish breakout signal, supported by a consolidation pattern and RSI strength nearing overbought zones, indicating market momentum for altcoins excluding Bitcoin. Simultaneously, the ETHUSDT chart highlights a cup-and-handle pattern, further confirmed by the upward movement in stochastic oscillators and RSI stability, targeting $18,825.92. Both charts collectively signify robust altcoin dominance and Ethereum’s strength, paving the way for significant upward potential in the broader cryptocurrency market.
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Trade Details:
Entry: Around 3670.78 ( Join my Binance live for premium crypto signals )
1st Tp: 5206.11
2nd Tp: 18592.44
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