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After BTC’s rally, it’s ETH’s turn to shine! 🔥
Ethereum has officially broken out of the descending channel on the 12H timeframe, a structure that’s been holding price down since late 2024. This breakout is significant — and here’s why:
📊 Technical Breakdown:
🔸 Broadening wedge finally broken after months of compression
🔸 Price holding well above the EMA, confirming short-term bullish momentum
🔸 Strong volume on breakout candle, suggesting genuine buying pressure
🔸 Breakout coincides with BTC’s surge — signaling altcoin rotation could be starting
📍 Key Levels:
➡️ Immediate Resistance: $2,850
➡️ Short Term Target Zone: $3,200–$3,500
➡️ Major Target Zone: $5000
➡️ Support to Watch: $2,480 (EMA + breakout retest)
💡 Why It Matters:
This move isn’t just technical — it’s psychological. $ETH has been lagging BTC for weeks, and this breakout could shift trader sentiment back toward altcoins. If ETH holds above the breakout zone, we may see altcoins gain serious traction in the coming days.
📌 Strategy Note:
Look for a successful retest of the breakout zone for confirmation. A strong daily close above $2,700 could pave the way for a sustained uptrend.
What’s your ETH price prediction? Drop it in the comments and let’s ride this momentum together! 💥
