ETH PREPARES FOR ANOTHER BIG MOVE AFTER SURGE TO $2.8K!

Ethereum's recent surge to $2,800 has got everyone buzzing about its next big move. Let's dive into the details ¹ ² ³.

*Current Price:* Ethereum is currently trading at $2,805.20, with a 2.43% increase. This surge is part of a larger trend, with ETH having consistently struggled to break above the $2,800 mark over the past month .

Bullish Signals:

Inverted Head-and-Shoulders Pattern: Ethereum's price action is forming a classic inverted head-and-shoulders pattern, which could signal a breakout above $2,824 and potentially propel ETH toward $3,000.

Growing On-Chain Momentum: Weekly active addresses have surged to a record 17.4 million, and DeFi inflows are bolstering the network's foundation.

Exchange Outflows: Ethereum is experiencing negative exchange netflows, indicating a shift toward self-custody or staking, which could lead to a supply squeeze and drive prices up .

Bearish Sentiment:

Options Traders: Despite the recent price surge, options traders are bearish, with a growing use of downside protection strategies in ETH derivatives markets.

Resistance Level: The $2,800 mark has proven to be a tough resistance level, with ETH struggling to break above it consistently .

What's Next?

The next few weeks will be crucial for Ethereum, with the $2,824 level being a key breakout point. If ETH can breach this level, it could validate the bullish structure and lead to further gains. However, failure to break above resistance might delay upside momentum and trigger short-term consolidation .#TrumpTariffs #Tradersleague #BinanceHODLerRESOLV #ETH $ETH