Ethereum Chart Update ๏ฟฝ๏ฟฝ๏ฟฝ Structure Turning Bullish ๐ค
$ETH just made a key breakout on both the 1D and 4Hr charts โ and it's not random.
๐ Daily Chart Analysis
#ETH just pushed through the 200MA at $2,660 โ a major macro resistance line.
MAs are compressing, and now we have price closing above the cluster of MA(7), MA(25), and MA(99).
If price holds this 2.6k+ level, it signals the end of consolidation and opens room for continuation.
โฑ๏ธ 4Hr Chart Confirmation:
Price bounced clean off the 200MA (green) on 4H, then ripped through all key MAs with a strong candle.
First higher low held beautifully around $2,383
Momentum breakout is clear โ now aiming to challenge $2,750โ$2,800+
๐ก My View: This isnโt just a spike โ this is a breakout after weeks of compression. Price has broken the downtrend and flipped into bullish structure on both high and mid timeframes.
๐ As long as $ETH holds above the 2,580โ2,600 zone, bias remains bullish.
๐ First resistance sits near $2,750, and if that cracks, $2,800+ is on the radar.
KEY LEVELS ๐
Short-term: $2,750
Breakout continuation: $2,800+
Invalidation: Daily close back below $2,560