🚨 Ethereum Market Update – Key Levels to Watch!
Current Price: $1,787
Support Zone: $1,690 – $1,700 (now acting as strong support)
Immediate Resistance: $1,835
Next Target (if breakout continues): $1,940
What’s Happening?
Ethereum has broken out of its recent consolidation range and is now hovering near the upper supply zone, closely following Bitcoin's bullish momentum.
Key Observations:
✅ ETH broke above mid-range resistance, now reacting around the $1,835–$1,780 zone
✅ Bullish structure remains strong, backed by high volume
✅ A clean breakout above $1,865 could open doors to $1,940
✅ If price pulls back, the $1,690–$1,700 zone becomes a solid re-entry point for bulls
Market Volume Insight:
Volume surged during the move up from $1,690 — confirming strong buying interest. Price is now at a decision point: Breakout or Rejection?
Catalyst to Watch Today:
U.S. Unemployment Claims Data — This could trigger fresh volatility. Keep an eye on how ETH reacts around support/resistance after the news.
⚠️ Trade Smart:
A confirmed breakout above $1,865 = Bullish continuation
Holding above $1,700 = Key for any short-term pullbacks