🚨🔥 Ethereum at a Critical Juncture: Triple Resistance Test Ahead! 🌕📈
$ETH is heating up and all eyes are on a major move as it battles three major resistance levels stacked tightly between $3,600 and $3,700.
🧱 What’s Happening:
After a strong +40% rally in just two weeks, Ethereum is now confronting a triple barrier:
1. A historical resistance zone from prior highs
2. A key descending trendline from early 2024
3. The top of a long-standing ascending wedge
This convergence is rare and it’s setting the stage for a potential breakout of epic proportions.
🔍 Why It Matters:
📊 ETH is currently hovering around $3,750 any weekly close above $3,700–$3,800 could launch the next leg towards $4,000 and beyond.
📈 Analysts are eyeing patterns like the Cup and Handle, suggesting possible upside targets near $4,200.
📉 If momentum fades, support sits at $3,400 and deeper at $3,000 healthy pullbacks that bulls may use to reload.
💡 The Takeaway:
Ethereum is standing at the edge of a major technical breakout. Whether it pushes through or pulls back, this moment could define ETH’s next big move.
Stay alert. Watch volume. And don’t ignore the signals on the chart.