Ethereum (ETHUSD) is showing strong bullish momentum across the higher timeframes. The monthly candle suggests continuation to the upside, while intraday charts reveal a bullish flag pattern ready for breakout.
Let’s dive into the full Ethereum price analysis and trading plan for today and the upcoming week.
Monthly Candle: Strong Bullish Setup
The monthly chart of ETHUSD is signaling continuation strength:
- ✅ This month’s candle is large and bullish
- ✅ The lower wick is very small, indicating minimal downside pressure
- ✅ Price is riding above the 5 EMA, a key trend-following level
This suggests bulls are in control, and the uptrend could extend into the next few weeks if this candle closes strong.
Weekly Timeframe: Consolidation Phase
The weekly chart shows Ethereum taking a breather after recent gains:
- Last week’s candle was a spinning top, signaling indecision
- Current weekly candle is still in consolidation mode (5 days left)
- ETH is testing resistance near the 50 EMA
This pause is healthy in a bullish trend, and may set the stage for a breakout — especially if intraday structure supports it.
Intraday Chart: Flag Pattern Forming
On the daily and 1-hour charts, ETHUSD is forming a bullish flag, a classic continuation pattern.
Trade Setup:
- Breakout level: 2,593
- Buy above: 2,593 on confirmed breakout
- Stop-loss: Swing low or entry candle low (1-hour chart)
- Target 1: 2,768
- Target 2: Trail with structure for extended move
⚠️ Wait for a clean breakout candle with volume above 2,593 before entering.
Why Buy ETHUSD at This Level?
- Flag Pattern Breakout – One of the most reliable continuation setups
- Consolidation near 50 EMA on Weekly Chart – If broken, can trigger a strong upside
- BTCUSD Correlation – Bitcoin is bullish; Ethereum often follows the same trend
When these technical factors align, they create a high-probability trading opportunity.
Bonus Tip: ETHUSD & BTCUSD Move Together
Historically, Ethereum follows Bitcoin’s lead in trend direction. If Bitcoin breaks out this week (which is likely based on recent analysis), Ethereum could move sharply higher as well.
Always analyze both ETH and BTC for better clarity.
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Final Thoughts
Ethereum is setting up for a potential breakout. With the monthly candle showing strength, flag pattern forming, and Bitcoin leading the trend, the conditions are in place for ETHUSD to move higher.
Set your alerts. Manage risk. Let the pattern confirm — then ride the move.