Hello everyone 👋, today I’m sharing my analysis on ETHUSD (4H).
We recently saw price consolidating in a range, followed by a BOS (Break of Structure) to the downside. Price found new support, continued along the trendline, and tested resistance multiple times.
Now, the key point: price has finally broken above the major resistance zone and the descending trendline ✅. If this breakout holds and we get a healthy retest, there’s a high probability for bullish continuation toward the next key levels.
My bias here is bullish, as the break above both horizontal resistance and trendline indicates strong buying pressure. However, I’ll be watching closely for confirmation candles and volume support before fully committing. Remember, risk management is essential.
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