$ETH Another Big win ๐
See My prediction and Watch now ๐ฅ๐๐
#BoooooooM๐ฅ๐ฅ๐ฅ ๐ ETH/USDT surpasses $3600 Breaking Another Major Resistance ๐ช.
Eth Next TARGET $4000 ๐ฏ๐ฏ
$ETH Next Traget $3500 - $3600
This Ethereum (ETH/USD) daily chart shows a significant technical breakout :
๐ Key Observations
1. Consolidation Zone (Range)
ETH was trading in a clear range (between approximately $2,300โ$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.
Itโs now trading around $3,160, which is a bullish signal, indicating buyers are taking over.
3. Next Major Resistance
The Next $3,600โ$3,700 represents a previous major resistance from 2024 highs.
That could be the next target for bulls if this breakout holds.
๐ (Technical Analysis)
โ Bullish Signal: If ETH holds above the $2,900โ$3,000 zone, that area becomes new support.
๐ Measured Move Target: The height of the range ($2,900) gives a target around $3,500โ$3,600.
๐ 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 โผ๏ธ
This Ethereum (ETH/USD) daily chart shows a significant technical breakout :
๐ Key Observations
1. Consolidation Zone (Range)
ETH was trading in a clear range (between approximately $2,300โ$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.
Itโs now trading around $3,160, which is a bullish signal, indicating buyers are taking over.
3. Next Major Resistance
The Next $3,600โ$3,700 represents a previous major resistance from 2024 highs.
That could be the next target for bulls if this breakout holds.
๐ (Technical Analysis)
โ Bullish Signal: If ETH holds above the $2,900โ$3,000 zone, that area becomes new support.
๐ Measured Move Target: The height of the range ($2,900) gives a target around $3,500โ$3,600.
๐ 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 โผ๏ธ
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content.ย See T&Cs.
ETH
3,590.69
-0.40%
