The Trust Layer for Market Analysts

The analysis of Ethereum (ETHUSDT) suggests a potential bullish continuation after a corrective ABC pattern, aiming for higher prices. The primary target is identified at 2782.0, with a crucial invalidation level at 1862.0. This bullish outlook is contingent on the asset completing its current wave structure, specifically moving through waves 1, 2, 3, 4, and 5 as part of an upward impulse. The current price action is observed within a range, but the overall sentiment leans towards a potential upward trajectory. Key levels to watch include pre-confirmation points for higher prices at 2197.48 and 2389.51, as well as pre-confirmation for lower prices at 1942.42 and 1862.01. Failure to hold above these lower levels would invalidate the bullish scenario. Another perspective suggests a bearish continuation if the price breaks below certain key levels, potentially leading to a new low around 1383.56.