$ETH Analysis & Outlook
As highlighted this morning, ETH found robust support at the $3,170 level and is now confirming a bullish reversal. The price action over recent sessions has been notably healthy, constructing a solid foundation for upward momentum.
This strength in Ethereum is a critical catalyst for the broader altcoin market. A sustained breakout above current resistance is likely to fuel significant momentum across major altcoins, heralding a potential alt season.
My next target for ETH remains $3,600. I will be sharing specific trade setups for select altcoins poised to benefit from this move in the coming days.
The structure suggests a strong bullish phase is developing.
Chart attached for reference.
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