📈 Ethereum Breakout Alert – $ETH Reclaims $2,800 Zone! 🚀

Ethereum (ETH) is showing great momentum, trading at $2,816.71, up +1.96% over the last 24 hours. The 24h high has reached $2,879.22 suggesting bulls are testing resistant zones last seen weeks ago. The 7-day MA at $2,605.40 and the 25-day MA at $2,582.26 show price action above both moving averages where a strong bullish trend is forming.

The 90-day return is +54.19%, an impressive rebound showing how investor confidence is returning to the crypto space. There is also a volume component to the move as we have over 900K ETH traded and $2.53B in USDT volume. The daily chart shows strong green candles with a picture of higher lows which is a classic accumulation and breakout formation.

If $ETH can make it through the $2,879 resistance zone then it opens the path to $2,936 and hopefully beyond. This along with a change in investor sentiment across the globe has applicability to the current macro environment that may be presenting early stages of a sustained rally.

🔍 Are you buying the breakout? Or waiting for confirmation? Let us know your thoughts and strategies on #ETH