1. The Sideways Chop: For the past day, ETH was trading in a tight range between ~2500and 2500and 2530.
2. The Breakout: We just saw a massive volume candle push the price straight through the $2530 resistance, hitting a high of $2563. This is a classic bullish breakout.
Key Levels to Watch NOW:
Crucial Support: The old resistance at $2530 must now act as a new support floor.
Immediate Target: Reclaiming the recent high of $2563 and pushing higher.
My Take: The momentum is with the bulls. Now is the time to watch the order book closely.
Click on $ETH to go straight to the live chart and see if this breakout holds!
#Ethereum #ETH #trading #crypto #dyor
