$ETH Breaks Out!
Current Price: $3723
Daily Gain: +3.66% ๐
Moving Averages:
MA20: $2938 โ
(Support reclaimed)
MA50: $2683 โ
MA200: $2478 โ
(Major trend flip confirmed)
Targets:
๐ฅ Target 1: $4000 โ Psychological barrier & May 2024 highs
๐ฅ Target 2: $4500 โ Previous cycle top retest zone
๐ฅ Target 3: $5000 โ All-time high attack ๐ฅ
Stop Loss Idea:
Below $3200 to protect against bull trap wicks.
Why ETH Now?
ETF Narrative: Ether spot ETFs launching soon
Layer-2 Ecosystem Boom: Rollups & EigenLayer driving utility
Macro Setup: Golden cross on daily, weekly momentum turning ๐ฅ
This is no longer a bear market structureโETH has entered macro breakout mode.
โ ๏ธ DYOR. This is not financial advice. Manage your risk.
