$ETH Next Traget $3500 - $3600
This Ethereum (ETH/USD) daily chart shows a significant technical breakout :
🔍 Key Observations
1. Consolidation Zone (Range)
ETH was trading in a clear range (between approximately $2,300–$2,900) for many months.
This shaded box represents accumulation or consolidation, where bulls and bears battled for control.
2. Breakout Above Resistance
ETH has broken above the top of the range (~$2,900) with strong momentum.
It’s now trading around $3,160, which is a bullish signal, indicating buyers are taking over.
3. Next Major Resistance
The Next $3,600–$3,700 represents a previous major resistance from 2024 highs.
That could be the next target for bulls if this breakout holds.
📈 (Technical Analysis)
✅ Bullish Signal: If ETH holds above the $2,900–$3,000 zone, that area becomes new support.
📊 Measured Move Target: The height of the range ($2,900) gives a target around $3,500–$3,600.
🔁 Retest Possible: Often, breakouts are followed by a pullback to retest the breakout zone. If it holds as support, it confirms strength.
Watch For
Volume Confirmation: A breakout with high volume is more trustworthy.
Bearish Fakeout Risk: If price quickly falls back into the box, it could be a false breakout.
Macro Conditions: Keep an eye on U.S. economic events (like the icons below the breakout), as they can drive volatility.
#dyor Crypto Markets Are Highly Volatile So Always Do Your Own Research ‼️
This Ethereum (ETH/USD) daily chart shows a significant technical breakout :
🔍 Key Observations
1. Consolidation Zone (Range)
ETH was trading in a clear range (between approximately $2,300–$2,900) for many months.
This shaded box represents accumulation or consolidation, where bulls and bears battled for control.
2. Breakout Above Resistance
ETH has broken above the top of the range (~$2,900) with strong momentum.
It’s now trading around $3,160, which is a bullish signal, indicating buyers are taking over.
3. Next Major Resistance
The Next $3,600–$3,700 represents a previous major resistance from 2024 highs.
That could be the next target for bulls if this breakout holds.
📈 (Technical Analysis)
✅ Bullish Signal: If ETH holds above the $2,900–$3,000 zone, that area becomes new support.
📊 Measured Move Target: The height of the range ($2,900) gives a target around $3,500–$3,600.
🔁 Retest Possible: Often, breakouts are followed by a pullback to retest the breakout zone. If it holds as support, it confirms strength.
Watch For
Volume Confirmation: A breakout with high volume is more trustworthy.
Bearish Fakeout Risk: If price quickly falls back into the box, it could be a false breakout.
Macro Conditions: Keep an eye on U.S. economic events (like the icons below the breakout), as they can drive volatility.
#dyor Crypto Markets Are Highly Volatile So Always Do Your Own Research ‼️
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
ETH
3,609.51
+5.23%
