Ethereum (ETH/USDT) – Bullish momentum heading towards the target!
Ethereum has managed to break out of its long-term downward channel and is currently trading within a smaller ascending channel, showing strong bullish momentum.
After the "false breakout" below the main support around 1400, ETH quickly reclaimed higher levels, indicating a bear trap.
Currently, Ethereum is approaching the critical resistance area at 2000. As long as the price remains within this ascending structure and continues to print higher lows, the trend remains bullish for testing the main resistance level.
✅ A clear breakout above the 2000 level may lead to a stronger move upwards.
⚠️ However, if the structure collapses, we should watch for potential pullbacks.
Key levels to watch:
Support: 1,720–1,750 area
Resistance: 2000-2050 area
Trade at your own risk 👍
Best regards, Cryptocurrency Trading
Stay tuned for more updates.
