🚀 Is it time to go up?
ETH is currently at a pivotal stage. After a 6% decline due to geopolitical events, the overall indicators remain positive:
✅ Massive institutional entry (over $296 million in a week)
✅ Massive $463 million buying from SharpLink
✅ A cup and handle pattern on the chart supports upside targets between $3,000 and $4,500
✅ Very strong support at $2,600
🔍 If ETH can break the $2,900 resistance, a move towards $3,000+ is expected.
⚠️ However, a break below $2,600 could open the door to a temporary correction towards $2,300.
📊 My technical opinion:
ETH is still strong, but the market is waiting for confirmation. A clear break above $2,900 = a strong buy signal.
💬 What do you think? Will we see a breakout soon? Is there another correction on the way?