Donโt miss this key momentum shift! ETH just smashed a long-term trendline โ is a bigger move coming?
$ETH โ 2,477.44 (-3.11%)
Ethereum has broken out of a long-standing descending trendline, showing strong bullish momentum! Now, itโs consolidating just above the broken trendline, which could flip into a solid support zone.
๐น Scenario 1: Bullish Continuation
If ETH holds above the current range and confirms the trendline as support, we could see a move toward $3,500 and possibly higher!
๐น Scenario 2: Deeper Retest
A pullback to the $2,200โ$2,300 zone could provide a prime accumulation opportunity before another bullish leg kicks off.
Bottom Line: As long as ETH stays above key support, the bullish structure remains strong.
Trade wisely & manage your risk!
โ Best regards,
OHRM โค
Stay tuned for more updates!