In our previous analysis, we predicted that if #Ethereum managed to break above the yellow zone and the 2,130 level with strong volume, it could signal the beginning of an upward trend shift. This scenario played out quite rapidly, with the price reaching upper resistance levels in a short time. โ
๐ After forming strong candles above 2,130, #ETH successfully broke through the descending trendline around 2,330 โ a key level we had previously identified as a major resistance.
Following this move, the price climbed to the 2,489 area, then experienced a pullback towards the previous trendline. This move can be interpreted as a retest of the breakout region.
๐ If the upward momentum continues, the next resistance levels to watch are:
๐น 2,601
๐น 2,821 (mid-term target)
๐ In case of a pullback, key support levels include:
๐ธ 2,130
๐ธ 1,950
๐ธ Main structural supports: 1,735 and 1,685
๐ The overall technical structure remains positive. The breakout of the descending trend and the potential retest suggest that bullish momentum may continue to build.
