#ETHEREUM 🔹
🔍 WHAT IS HAPPENING ON THE CHART? :– ETH is entering an important supply/resistance zone, testing the upper limits with increased trading volume and buying pressure. The price is showing strong signs of upward momentum as it attempts to break through the critical resistance area between $3,056 and $3,215.
📈📉IMPORTANT ZONE: The range of $3,056–$3,215 is acting as a "make or break" threshold for Ethereum in the short to medium term.
If ETH closes and holds above this area, it will confirm the reversal of the support-resistance (SR) threshold, often signaling a change in market structure and continued trend.
🚀 What, A successful breakout could pave the way for Ethereum to accelerate towards the previous all-time high (ATH) and potentially explore new price levels. Failing to convincingly break this threshold could lead to short-term consolidation or a retest of lower support levels—but the overall structure remains in an uptrend.
👀 Why you should closely monitor this area: This is the gateway for trend continuation and a larger breakout.
🧠 Final thoughts: This is a critical moment for Ethereum. If the price holds above this resistance level and turns it into support, momentum could drive ETH towards a new bullish phase and reach the next all-time high.
📌 Keep a close eye on price movements around the $3,056–$3,215 range. Confirming the breakout could be the signal that traders and investors have been waiting for.
