Tradingview Tweets Bullish Chart for Ethereum – Technical Analysis

TradingView has shared a chart on Twitter which indicates that Ethereum is in a consolidation stage, and a sharp rise is about to come in the short-term.

We will have a look at the chart and also look for other possible bullish indicators.

Chart shared by TradingView on Twitter:

The above chart represents the 4-hour timeline and it indicates an upcoming consolidation of the 50 EMA in the range of the 200 EMA. If we look at the previous EMA consolidations, we can see a decent price surge after each consolidation. I don’t think the chart above is enough, so we are going to look at some more signs.

If we have a look at this daily chart, we can see a bull flag formation, a bearish EMA cross rejection, and the RSI trying to get back in the oversold area.

Given the signs above, there is no…

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