ETHUSDT has broken out of a long-standing consolidation zone and is now retesting the breakout area near 2719, which aligns with the May high and the downward trendline.
Price is maintaining its position above the upward channel, showing a bullish structure with potential for continuation. A successful retest here may launch the next leg toward the 3000 resistance.
📈 Key Levels:
Buy zone: 2680–2720
Buy trigger: bounce from 2719 with bullish engulfing
Target: 3000
Sell trigger: drop back below 2680
💡 Risks:
Failure to hold the breakout could trap longs
Low volume during retest increases breakdown chances
3000 psychological resistance may cause premature rejection
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
Trade at your own Risk 👍
Best Regards, Trade Cryptocurrency
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