📈 MARKET UPDATE: $ETH
ETH has broken out of the descending trendline with strong volume, signaling bullish momentum.
✅ Entry: Current levels or on a successful retest of the trendline near $2,580–$2,600.
✅ Stop Loss: Below the trendline or the grey demand zone ($2,350–$2,370) to protect capital.
✅ Target: First major resistance around $2,879 (marked on the chart). Partial take-profits recommended there while letting the remainder ride if momentum continues.
Key Points: 🔹 Trendline breakout with volume increases the probability of continuation.
🔹 Retest confirmation will provide a safer entry for leverage traders.
🔹 Watch for volume and rejection wicks on retest.
Trade safely and let the setup validate before sizing up.