$ETH
⚡On June 10, ETH kicked down the resistance threshold of $2735 and closed above it. This action clearly indicates that - the bulls want to take control!
🟢 Bullish Rhythm: The target is aimed directly at $3133!
The 20-day moving average is turning upwards, and the RSI is approaching the overbought zone - this is a signal from the bulls' home court!
Of course, the bears won't give up easily; they will definitely try to pull the price back below $2735, attempting to create a false breakout.
But as long as the price does not fall below $2735, or strongly rebounds from the 20-day moving average at $2594,
Then, my friends, the next stop is $3000 → and then a push towards $3133!
🔴 Bearish Warning: Bull Market Trap Alert ⚠️
If the price can't hold and directly falls below the 20-day moving average at $2594,
Then be careful! This indicates that the breakout at $2735 might just be a 'false move'.
The market might just be luring in buyers, washing out positions, clearing out the FOMO crowd.