My friend told me he sees there a potential cup and handle pattern and now I cannot see it either.
The bottom is rounded, showing accumulation and loss of bearish momentum. Now price is forming a small pullback (handle) and holding above 0.382 (~1890), which is a good sign without a strong falling down.
RSI is also holding above mid zone, meaning it's not oversold anymore and slowly building strength.
If price breaks above ~2200 area, this mau trigger continuation.
Main liquidity (zone of interest) is higher in the grey zone (2400–2800), and market maker usually touches it or even breaks it.
Let's think about trading setup, in case we enter here at 2040.
Targets:
2450–2500 (0.5 level)
2850–3000 (main target zone)
Stop loss:
Below 1850 - structure becomes weak.
Risk reward is solid. Worth to try it!
✅ Trade here on $ETH
