ETH: Bullish Outlook Amid Strong Trade Activity

30 בינו׳

Ethereum (ETH) is showing promising signs of further growth, as it approaches a zone of significant trade volume. The previous movements were characterized by strong trends without significant retracements, reinforcing the bullish sentiment. Additionally, the Ethereum dominance index is nearing a strong support level, suggesting a potential increase in its market share. Recently, liquidity was taken on a lower timeframe, and following this, I entered a long position from the local trade volume area. This setup indicates a favorable scenario for ETH's continued ascent