Here is a professional draft of the technical analysis in English, formatted for social media or a trading blog:
📊 Technical Analysis: Outlook for ETH & BTC (Short to Mid-Term)
Based on current market data and chart patterns, we are seeing a significant technical setup for Ethereum (ETH) and Bitcoin (BTC) following the recent correction:
🔹 Market Overview:
• Both assets have corrected approximately 50% from their recent peaks, leading to the formation of potential reversal structures.
• The price of Ethereum is currently at a pivotal breakout point, testing a long-term descending trendline.
🎯 Price Targets (Post-Breakout):
• First Target: The $2,700 – $3,000 zone. This area aligns with the 200-day Moving Average and represents strong support and Order Blocks (OB).
• Second Target: The $3,300 level, which marks a 50% recovery of the entire downward move.
⏳ Expected Timeline:
• This technical move is projected to play out between late August and early September.
💡 Key Insight:
While the attached chart focuses on Ethereum, Bitcoin is exhibiting a near-identical technical formation, suggesting a correlated recovery across the major assets.
⚠️ Disclaimer: This post is for educational and technical insight only and does not constitute financial advice. Always perform your own due diligence before trading.
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