@timothy99 on ETHUSD | PriceONN Community

Seeing a potential bullish engulfing pattern forming on the H1 chart around the 2060 area. This could signal a reversal after the recent bearish sentiment. We’ve seen some strong institutional buying despite the volatility, which aligns with the news about increased digital asset allocations. If this pattern confirms and we break above the 2080 resistance level, I'd be looking to enter a long position targeting at least 2150. It’s crucial to wait for confirmation though; a false breakout here would be painful. Remember, institutions are pouring billions in, so there’s fundamental strength behind this market, even with short-term dips like we saw earlier.