ETHUSD Leads the Pack with Strong Breakout
๐ Technical Outlook
โ ETH surged past the key resistance of its descending wedge, confirming a bullish reversal as the level now acts as support.
โ The price is advancing within a fresh rising channel. Holding above the mid-channel support (~$2,300) could propel ETH toward the next target zone at $2,540โ$2,600.
๐ Summary
With the wedge breakout and renewed ETF momentum, short-term longs look promising: aim for $2,540 โ $2,600+. A close below $2,200 would invalidate the setup.
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