$ETH Analysis: Ethereum Ignites with Strong Breakout! ๐ฅ
Ethereum just delivered a textbook bullish breakout, climbing to $2,567.38, marking a +6.18% surge in the last 24 hours. After consolidating near $2,373, $ETH exploded past resistance with high momentum and peaked at $2,619.28 before a minor pullback.
๐ Key Highlights:
Volume Surge: $1.66B in 24h USDT volume โ demand is heating up.
Breakout Point: Price rocketed after holding support around $2,370.
Momentum: 90-day gain stands strong at +44.54% โ Ethereum is regaining its shine.
Volatility Watch: Slight retracement showing short-term selling at the top โ normal profit booking.
๐ Caution: Despite the move, 67.42% of traders are still on the sell side, signaling mixed short-term sentiment.
๐ Levels to Watch:
Support: $2,465
Resistance: $2,620, then $2,700
๐ก Insight: This rally signals confidence returning to Layer 1 giants. Ethereum remains the cornerstone of DeFi and Web3 โ and this pump might just be the beginning of a larger trend if BTC stays stable.
โ ๏ธ Disclaimer: This is not financial advice. Always DYOR before investing or trading.