Wise Analyze
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📉 Ethereum review 📈
⏰ Today's Telegram alert was triggered when $ETH crossed the monthly 20-SMA at ~$2,808. This marks the second attempt, following the first on May 29th.
ETH continues to trade within a rising channel, with liquidity pools on both sides. In the bottom right corner of my chart, the three-day timeframe shows a strongly bullish pattern, with an ongoing attempt to break out of the bullish consolidation range.
However, the range remains valid until a breakout occurs, so I’m not calling for a moonshot just yet. May very well see it pull back to ~2680. But I’m holding Ethereum on the spot market and have no plans to sell until a confirmed breakout.
The nearest target zone for a breakout is $3,065–$3,140, followed by $3,333. Beyond that, it’s worth monitoring price action for potential rejection and securing profits before a correction.
🎯 Key Levels to Watch:
• Above: 2835 / 2861 / 2928 / 3064
• Below: 2680 / 2605 / 2527 / 2475
🔥 #Ethereum Liquidation Heatmap:
• Above: 2822 / 2839 / 2852 / 2885
• Below: 2747 / 2730 / 2672 / 2649
⏰ Today's Telegram alert was triggered when $ETH crossed the monthly 20-SMA at ~$2,808. This marks the second attempt, following the first on May 29th.
ETH continues to trade within a rising channel, with liquidity pools on both sides. In the bottom right corner of my chart, the three-day timeframe shows a strongly bullish pattern, with an ongoing attempt to break out of the bullish consolidation range.
However, the range remains valid until a breakout occurs, so I’m not calling for a moonshot just yet. May very well see it pull back to ~2680. But I’m holding Ethereum on the spot market and have no plans to sell until a confirmed breakout.
The nearest target zone for a breakout is $3,065–$3,140, followed by $3,333. Beyond that, it’s worth monitoring price action for potential rejection and securing profits before a correction.
🎯 Key Levels to Watch:
• Above: 2835 / 2861 / 2928 / 3064
• Below: 2680 / 2605 / 2527 / 2475
🔥 #Ethereum Liquidation Heatmap:
• Above: 2822 / 2839 / 2852 / 2885
• Below: 2747 / 2730 / 2672 / 2649
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
