$ETH  Sniper Call Recap!!

$ETH - Major Breakout Alert!

$ETH has officially broken out of a long-standing descending parallel channel on the daily chart — a key structural shift in market sentiment. This breakout is further supported by a successful close above the 50 EMA, which had acted as dynamic resistance throughout the downtrend.

Key Technical Developments:
- Broke out of a descending parallel channel
- Closed above 50 EMA for the first time in weeks
- Strong daily candle with 8% gain confirms momentum shift

Immediate Support: $1,790 (former resistance zone turned support)

Next Major Resistance: $2,393
This is the mid-zone before #ETH challenges the broader supply area around $2,550–2,850.

This breakout mirrors Ethereum's typical behavior during previous cycle expansions — grinding accumulation followed by aggressive breakout moves. The confluence of the EMA breakout and channel structure suggests we could be looking at the beginning of a broader trend reversal.

Trading Plan:
Retests towards $1,850–$1,790 can offer high R:R entries.
Watch for continuation patterns or consolidation above $2,000 for the next push.

$ETH is reclaiming momentum — if BTC remains stable, this move could expand quickly.
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