Ethereum has broken out of its long-term descending channel and is currently trading inside a smaller ascending channel, showing strong bullish momentum.
After a "fake breakout" below major support around 1,400, ETH quickly reclaimed higher levels, suggesting a bear trap.
Currently, ETH is approaching the critical resistance zone around 2,000. As long as the price stays inside this rising structure and continues making higher lows, the bias remains bullish toward a test of the major resistance.
✅ A clear breakout above 2,000 could trigger a stronger move up.
⚠️ However, if the structure breaks down, we should watch for potential pullbacks.
Key Levels to Watch:
Support: 1,720–1,750 zone
Resistance: 2,000–2,050 zone
Trade at your own Risk 👍
Best Regards, Trade Cryptocurrency
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