🔥 [ETH] Bullish Engulfing Pattern Spotted – Is This the Reversal Signal?

Just captured a strong bullish engulfing pattern on the Ethereum 1-hour chart! 📈

Timestamp: December 17, 20:00 UTC

This pattern occurs when a bullish candle completely swallows the previous bearish candle, signaling a potential shift in momentum and increased buying pressure.

Traders often watch this formation closely for possible entry opportunities or trend reversal confirmations.

Are you watching $ETH right now? What’s your take?

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ETH

2,820.86

-4.46%

Note: This is not financial advice. Always do your own research before trading.