"ETH/USDT: Ethereum on a Bullish Breakout? 🚀"
Ethereum (ETH) is showing strong bullish momentum on the 1-hour chart, currently trading at $2,702.60 with a significant 2.09% gain! 💥
Price Action: After consolidating around the $2,633 mark, ETH has decisively broken out to the upside, pushing past previous resistance. The current price is near its 24-hour high of $2,706.47.
Moving Averages (MA): The MA(7) at $2,653.28 is comfortably above the MA(25) at $2,645.60, and both are well clear of the MA(99) at $2,585.30. This strong alignment of short-term MAs confirms a robust bullish trend.
Volume: The recent surge in $ETH price is backed by strong buying volume, as indicated by the tall green bars at the bottom. This validates the upward move and suggests significant buying interest.
The breakout appears solid, and with strong MA alignment and supporting volume, ETH could be targeting higher price levels. Watch for sustained momentum above $2,700 as a key indicator for continued upward trajectory! 🎯
Trade here: $ETH