#EthereumFuture ETH Ethereum is breaking out! ๐
ETH just shattered major resistance around $1,790-$1,800! โจ
After a long consolidation, the bulls are back in charge! ๐โก
Next stop?
$1,850 - $1,900 zone first... then eyes on $2,000+! ๐ฏ
As long as ETH holds above $1,790, the momentum stays STRONG!
The real move is just getting started!
๐ฅ
Let's break this (4D)chart down:
The price is currently around $1,796.41.
You can see a horizontal resistance zone (highlighted by the two white lines) between roughly $1,850 and $1,900.
Recently, ETH has broken above a previous strong resistance around $1,790-$1,800, which is marked by that dotted line.
There's a green upward arrow shows the bullish breakout.
Price consolidated below the resistance for a long time (ranging behavior).
After multiple tests, it finally broke above with strong bullish candles.
This is often called a range breakout or even accumulation breakout if it follows a long sideways movement.
In short:
ETH has broken out of a key level, and buyers are gaining strength. As long as it holds above ~$1,790, bullish momentum looks strong.