$ETH Long-Term Check: 🕵️🕵️The $2,800 Floor Holds Strong, But the $4,000 Ceiling Awaits 🧐
Ethereum is showing long-term structural defense near $3,013.
Key Defense:
Bulls have successfully defended the vital long-term rising lower trendline near $2,800. This defense and the reaction low near $2,918 suggest seller exhaustion.
Bearish Target Met:
The prior bearish rectangle target ($3,189) has been fulfilled, potentially draining medium-term selling momentum.💱💱
Path to Reversal:
Momentum Confirmation:
High-conviction break and sustained hold above the $3,150 pivot.
Trend Invalidation:📈📉
Decisive breakout above the major descending trendline and the psychological $4,000 resistance zone.
#Ethereum #ETHUpdate #ta #LongTermCrypto #Web3
ETH
3,003.91
-2.01%