Ethereum just broke above $3,480, confirming a strong bullish breakout after days of consolidation.
Volume is surging, momentum is building, and ETH looks ready for its next leg up.
📈 Trade Setup:
Entry: $3,480 – $3,520
Add Above: $3,570
Stop Loss: $3,430
Targets: $3,620 / $3,720 / $3,850
Bias: Bullish Continuation
📊 Technical Analysis
1️⃣ Strong Breakout Structure:
$ETH just broke above the key resistance at $3,480, confirming a clean breakout from the recent consolidation zone. This area acted as strong resistance multiple times in the past week — now turned new support.
2️⃣ Volume Spike Confirms Momentum:
Today’s trading volume surged above the 7-day average, signaling that institutional money and momentum traders are stepping in. This validates the breakout’s strength.
3️⃣ Trend Alignment:
ETH is above all key EMAs (20 / 50 / 100), with a clear bullish structure — higher highs & higher lows. The RSI is in the 65–70 zone, indicating strength but still room before overbought.
4️⃣ Correlation with BTC:
Bitcoin is stable above $110K, allowing ETH to outperform — typical behavior during the ETH rotation phase, where capital flows into majors after BTC rallies.
💡 Why This Setup Works
✅ Breakout + Retest combo — classic continuation signal.
✅ Volume-backed move — confirming strength.
✅ Market rotation from BTC → ETH underway.
✅ Technical structure bullish across all timeframes.
As long as ETH holds above $3,480, the next leg toward $3,720–$3,850 looks likely.
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