$ETH 'S NEXT MOVE: BREAKING THROUGH THE $1,800 RESISTANCE ZONE
Ethereum is currently in a critical phase, consolidating just below the key resistance zone around $1,800. This zone has been a significant hurdle for ETH, and a breakout above it could signal a continuation of the recent upward momentum.
A CLEAN CANDLE CLOSE ABOVE $1,800: THE KEY TO FURTHER GAINS
The price is currently testing the breakout range, and a clean candle close above $1,800 could trigger a surge towards higher levels. This would be a bullish signal, indicating that buyers are in control and pushing the price upwards.
MOMENTUM REMAINS BULLISH
The momentum indicators are currently in favor of buyers, with the structure holding firm. This suggests that the recent upward move is not just a flash in the pan, but rather a sign of a more sustained trend.
NEXT FOR ETHEREUM
If Ethereum successfully breaks through the $1,800 resistance zone, the next target could be the $2,000 level. However, if the price fails to break through, it may consolidate further or even pull back to test lower support levels. The key is to watch the price action around the $1,800 zone and gauge the momentum indicators to determine the likelihood of a breakout.
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