🚀 ETH/USDT – WEEKLY BREAKOUT UPDATE 🚀
📍 Price: $3,890
🔥 What’s Happening?
• Weekly candle blasted through $3.17K & $3.54K, now facing $3.90K–$4.10K supply
• 9 & 21-week EMAs bullish cross — trend flips up
• Higher low at $2.44K, printing higher highs — weekly uptrend confirmed
⚡️ Key Zones:
• Support: $3.54K – $3.17K (old resistance now demand)
• Resistance: $3.90K – $4.10K (current sell block)
• Next Target: $4.45K – $4.60K (Nov ’24 supply)
• Invalidation: Weekly close below $3.17K cancels breakout
🚀 Fuel Behind Move:
• $450M+ spot ETH ETF inflows — biggest since launch
• Whales & desks rotating billions from BTC to ETH
• ETH/BTC ratio rising — capital chasing ETH & high-beta alts
🎯 Playbook:
1️⃣ Weekly close > $3.90K → squeeze to $4.10K, then $4.45K–$4.60K
2️⃣ Dip reloads: $3.50K–$3.60K while $3.17K holds
3️⃣ Fake-out warning: Close < $3.17K → watch for slide to $2.90K
💎 Trend flipped bullish — hold $3.5K, eyes mid-$4Ks. Drop below $3.17K? Reassess fast!
DYOR. Trade smart, fam!