We’ve finally seen a nice recovery on the $ETH side, led by $BTC . Supported by the $1500 level, ETH is now moving toward a test of the ascending channel on the weekly chart. For a potential breakout, holding above $2650 is crucial.
Currently, ETH is priced around $2300, with the next major resistance at the $3250 zone. If this level is breached, the $3800 / $4000 range could come back into play. If the channel holds and the upward move is supported by volume, this could ignite momentum not only for ETH but also for altcoins. Key support sits at $2100, while resistance levels are at $3250, $3800, and $4470.
Wishing everyone profitable trades!
