Technical analysis by RocketMike111 about Symbol ETH: Buy recommendation (9/16/2024)

Ethereum is still in a bearish market. It had a very small upward movement, lasting maybe 2 or 3 days, but it continues to show an overall bearish trend.The only thing I can detect here is that we are still in a liquidity zone. However, there hasn't been enough volume for Bitcoin to gain strength and break the bearish channel.That’s the key! ETH needs to break the resistance of the bearish channel, but it's still in the liquidity zone. Let’s hope to see candles with buying pressure this week, as this would indicate that ETH is ready to take off. But for now, it's just a matter of watching its movement.Best regards.