#BTCvsMarkets The chart clearly shows: ETH has accumulated for over 24 hours, fluctuating around the $1540–$1575 range.
And then BOOM 💥 – a candle breaks through the entire accumulation structure, surpassing the old peak, pulling up to $1600.
📊 Technical analysis
✳️ What does the chart show?
ETH accumulates beautifully, a consolidation triangle, with the range narrowing over time.
Volume spikes significantly at the breaking candle => This is a real breakout, not a false break.
The breaking candle appears after a series of small rising candles => there are signs of gradual leading before the explosion.