๐๐๐ ๐๐๐๐ฅ๐๐ข๐ฆ๐ฌ $๐,๐๐๐ โ ๐๐ฎ๐ฅ๐ฅ๐ฌ ๐๐๐๐ ๐๐ฅ๐๐๐ซ ๐๐ซ๐๐๐ค ๐๐๐จ๐ฏ๐ $๐,๐๐๐ ๐๐จ ๐๐ข๐ญ $๐,๐๐๐
๐น Current Price: $2,577
๐น Trend: Bullish
๐น Key Resistance: $2,600 โ $2,650 โ $2,720
๐น Key Support: $2,550 โ $2,520
๐น Indicators: RSI above 50 โ | MACD turning bullish โ
๐ธ Whatโs Happening With Ethereum?
Ethereum broke back above the $2,520 resistance trendline and is now trading confidently above $2,550. This shows the bulls are back in control โ for now.
ETH also reclaimed the 100-hourly moving average, flipping short-term momentum bullish.
โ Bullish Scenario
ETH needs to hold above $2,550โ$2,520 support zone
A breakout above $2,600โ$2,650 would confirm strength
If that happens, next targets are:
โก๏ธ $2,720
โก๏ธ $2,750
โก๏ธ $2,800
โ Bearish Risk
If ETH fails at $2,600 and closes below $2,520 again:
๐ป Expect a dip toward $2,500
๐ป Stronger support sits at $2,420, then $2,350
๐ง What Traders Should Watch:
๐น Bullish Setup:
Look for clean breakout above $2,600โ$2,650
Volume confirmation โ aim for $2,720 and beyond
๐น Bearish Setup:
If ETH drops under $2,520 โ possible reversal to $2,420
Watch RSI and MACD for signs of weakening
๐งญ Beginner's TL;DR:
Ethereum is showing strength above $2,550 โ
A break above $2,650 could launch the next leg up toward $2,800
But if ETH fails to hold $2,520, it may revisit $2,420
Decision zone now: Wait for breakout or breakdown
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