Ethereum (ETH) is currently attempting a breakout of a significant trendline on both the 1-Day and 4-Hour charts. This successful breakout is considered mandatory for the next major upward movement.
Scenario 1: Successful Breakout (Bullish)
If ETH successfully breaks and holds above the trendline (confirming the breakout with high volume and a strong candle close):
Target Range: The price is likely to head toward the next major resistance zone between $3090 - $3130.
Scenario 2: Failed Breakout (Bearish/Correction)
If ETH fails to break the trendline and faces rejection:
Support Range: The price will likely pull back to test the critical support area between $2650 - $2740.
