What did I say? Out of nowhere, it just surged!
Ethereum was indeed weak before, but it hasn't been continuously shrinking. The current strong rebound is proof of that.
Right now, what Ethereum needs to do is defend the line; maintaining this pattern on the 4-hour chart is good. At that point, support and resistance will switch, and space above 26 will open up!
A little speculation on a pullback is possible, just defend at 2610. Currently, 2610 is the trigger point; touching it will cause some action. Conversely, if it breaks through, just follow the trend!
All of the above is based on the condition that Bitcoin doesn't fall! Be careful.
