$ETH USD MACRO CHART ANALYSIS — DECISION ZONE APPROACHING 🚨
This long-term Ethereum chart shows we're approaching a major horizontal resistance zone — right at the previous all-time high. Price is testing this level again with strong momentum, but it sits at a critical inflection point.
Key Technical Highlights:
🔴 Horizontal Resistance — Price is testing the same level that caused previous rejections.
📉 Expected Correction Zone — Sellers may appear here again if breakout fails.
🟢 Support Trendline + Horizontal Zone = Strong Confluence — Bulls will likely defend this level if price retests from above.
🚀 Potential Breakout — If price breaks and retests the resistance as support, it could trigger a massive bullish continuation.
Conclusion:
Ethereum is consolidating under a macro resistance zone, forming a potential breakout structure. Watch closely — this could define the next major trend. Either a breakout rally... or a significant correction.
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