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MARKET UPDATE: $ETH 🐂🚀
#ETH has broken out of descending trendline resistance with strong momentum, confirming a trend reversal.
✅ Price surged above the $2,879 horizontal resistance and is now consolidating just below $3,000.
This consolidation above previous resistance (now support) signals strength. As long as ETH holds above $2,879, a continuation toward higher levels remains likely.
⚠️ A drop below this support may lead to a retest of the $2,635 zone.
Overall, ETH is maintaining a bullish structure with the potential to continue higher if it holds these levels or forms a bullish flag/pennant. 🪂
#USCryptoWeek #ArbitrageTradingStrategy #TradingStrategyMistakes #BTCBreaksATH