Ethereum is showing short-term bullish momentum after bouncing from a key support zone. The overall trend remains slightly positive if price holds above support.
đč Support & Resistance
Support: Near recent swing low (strong buying area)
Resistance: Near previous high (selling pressure zone)
đŻ Candle Pattern
A bullish engulfing candle indicates buyers are gaining control.
If a doji candle forms near resistance, it may signal market indecision and possible pullback.
A strong green breakout candle above resistance can confirm further upside.
â How to Draw Simple Chart
Draw horizontal line at support level.
Draw horizontal line at resistance level.
Mark bullish engulfing candle.
Add arrow showing possible breakout direction.