🚨 ETH Reached $3K — Interruption or Breather on the Way
$ETH just hit the psychological threshold of $3,000 after a strong impulsive rise, printing a new higher peak within its ascending channel structure.
Here is the updated plan for ETH:
🔸 Correction Area:
The area of $2,550–$2,700 aligns with the lower trendline of the rising channel — a key structure where bulls may look for opportunities to re-establish.
🔸 Continuation Trigger:
A clean close on the 4H back above $3,000 converts resistance to support. This would open the path to $3,100 as the first target, with the potential for further upside as momentum increases into the summer.
🔸 Invalidity Level:
A decisive break below the channel structure would neutralize the bullish setup and shift focus back to macro support near $2,400.
Until invalidation, dips towards the orange demand zone offer opportunities within a strong bullish context.
Reminder: Trade with discipline. Stick to your plan, manage risk, and ignore the noise.
All strategies work — if managed correctly.
Stay vigilant and good luck.
