Stock Market LIVE Updates, Sensex Today: Sensex Drops 150 Points Amid US-Iran Tensions

Harish Vatnani, Head of Trade, ZebPayMarket OverviewETH is showing a strong bullish structure on the daily chart. After forming a major base around $1,550-$1,600, ETH recovered toward the $1,850 resistance and subsequently broke out strongly in August. The breakout was accompanied by a significant volume expansion, with ETH moving rapidly from around $1,900 to the $2,500-$2,550 region. Following this sharp upward move, price has entered a consolidation phase, forming a Bull Flag type structure. This is generally considered a bullish continuation setup when the price breaks above the upper boundary with strong volume.Technical AnalysisBull Flag & Pole Formation The chart clearly shows: ● Pole: Strong upward move from approximately $1,850-$1,900 to $2,550. ● Flag: Short-term consolidation between approximately $2,350 and $2,550. ● Price is currently trading around $2,465, inside the flag. ● Volume increased sharply during the pole and has subsequently reduced during consolidation, which supports the continuation setup.Key Levels Resistance ● $2,500-$2,550: Upper flag resistance and key breakout zone ● $2,600: Immediate psychological resistance after breakout ● $2,800-$3,000: Next major upside zone ● $3,100-$3,200: Potential extended target areaSupport ● $2,350-$2,400: Immediate flag support ● $2,300: Secondary support ● $2,100: Major trendline/support area ● $1,850: Major previous breakout supportOutlook The daily chart shows a strong pole followed by a flag consolidation, making the current structure favorable for a potential bullish continuation. The $2,550 breakout level is the most important level to watch. A confirmed breakout with strong volume could open the path toward $2,800-$3,000, with the measured flag-and-pole target extending toward approximately $3,150-$3,250.At the time of writing, ETH was trading at approximately $2,465. Summary ETH remains bullish on the daily timeframe. The chart shows a strong bullish pole from $1,850 to $2,550, followed by a flag consolidation around $2,350-$2,550. A strong daily breakout above $2,550 could confirm continuation toward $2,800-$3,000, with a measured target around $3,150-$3,250. The setup would weaken below $2,350-$2,400, with $2,100 and $1,850 acting as major downside supports."