$ETH 📉 Ethereum review 📈

⏰ Today's Telegram alert was triggered when $ETH crossed the monthly 20-SMA at ~$2,808. This marks the second attempt, following the first on May 29th.

ETH continues to trade within a rising channel, with liquidity pools on both sides. In the bottom right corner of my chart, the three-day timeframe shows a strongly bullish pattern, with an ongoing attempt to break out of the bullish consolidation range.

However, the range remains valid until a breakout occurs, so I’m not calling for a moonshot just yet. May very well see it pull back to ~2680. But I’m holding Ethereum on the spot market and have no plans to sell until a confirmed breakout.

The nearest target zone for a breakout is $3,065–$3,140, followed by $3,333. Beyond that, it’s worth monitoring price action for potential rejection and securing profits before a correction.