#ETHBreaks3k ๐จ ETH Reaches $3,000 โ Breakout or Pause Ahead?
Ethereum ($ETH) has just reached the key psychological level of $3,000 following a strong impulsive rally, marking a new higher high within its ascending channel.
๐ Updated ETH Strategy:
๐ธ Pullback Zone:
The $2,550โ$2,700 range aligns with the lower boundary of the ascending channel โ a critical support area where buyers may look to re-enter.
๐ธ Continuation Signal:
A confirmed 4-hour close above $3,000 would flip this level into support. This breakout could pave the way toward the next target at $3,100, with further upside possible as bullish momentum builds into the summer.
๐ธ Invalidation Level:
A decisive breakdown below the channel structure would invalidate the current bullish thesis and shift focus toward the broader support zone near $2,400.
Until the structure is broken, pullbacks into the highlighted demand zone remain potential buying opportunities within the prevailing uptrend.
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Note: Stick to your trading plan. Manage risk effectively. Block out the noise.
Every strategy has potential โ when executed with discipline.
Stay focused, and trade smart.