🚀 $ETH Eyes Breakout from Consolidation – Key Levels to Watch

$ETH is currently trading at $3,398.80 (+3.78%), moving between consolidation and breakout territory. Although the price sits slightly below the EMA-7 ($3,416.83), it remains above the EMA-25 ($3,368.61) and EMA-99 ($3,172.47), indicating bullish momentum in the medium-to-long term.

Trade Setup:

🔹 Bullish Breakout Play:

Entry: Above $3,416 (reclaim of EMA-7) with volume, targeting the 24h high of $3,480.19

Stop-Loss: Below $3,368 (EMA-25 support)

Target 1: $3,500 (psychological resistance)

Target 2: $3,540+

🔹 Bearish Breakdown Scenario:

Entry: Below $3,368 (EMA-25 breach) and $3,300 key level

Stop-Loss: Above $3,400

Target 1: $3,250

Target 2: $3,200 (EMA-99 zone)

📊 Market Outlook:

Neutral short-term, bullish medium-term.

Watch for volume confirmation to validate either move.

Use tight stop-losses around the EMAs due to potential volatility.

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