Ethereum Weekly Analysis ā Key Reversal or Temporary Rally?
š The ETH/USDT chart shows a major reversal pattern emerging from a very strong support zone near $2120, which has held firm after a long downward channel. This zone triggered a strong bullish breakout, confirmed by a spike in volume š (green arrow). š What we see: šŗ Double Top near $4100 (strong historical resistance that triggered the long-term downtrend).š Prolonged correction phase forming a descending wedge, which typically precedes bullish reversals.š„ Strong breakout from compression
Ethereum (ETH) is quietly showing signs of strength this weekend.
While Bitcoin steals the spotlight, ETH is consolidating near $3,100 and building pressure just below the key resistance at $3,250. If bulls manage to break above $3,250, we might see a move toward $3,400ā$3,500 in the short term. However, a failure to hold the $3,000 support zone could trigger a pullback toward $2,880ā$2,950. ETH is setting up for a decisive move ā will it break out or break down? ā ļø Stay tuned for full technica
š¹šBitcoin has just broken out of a key compression zone with strong momentumā”ļø.
If price holds above $100,000 ā , the next realistic target could range between $115,000 and $120,000 šÆ. A healthy consolidation here could fuel the next bullish leg š. $BTC $BNB $BCH #Bitcoin #BTCanalysis #cryptotrading #BinanceFeed #btcbreakout
š Technical Analysis ā Unexpected Movement of Bitcoin (BTC)
The market surprised a majority of traders by rebounding strongly on an old key support zone, triggering a bullish breakout from an extended downward channel. This sudden reversal highlights a strategic buying point that many have overlooked. BTC is now heading towards a major resistance zone around $108,500, a critical level to watch in the coming days.
Daily BTC Analysis ā Missed Opportunity and Major Resistance Ahead By Dahhan | May 2025
š What on earth is going on with $BTC ?!
š After an extended downtrend within a clearly defined descending channel, Bitcoin (BTC) bounced strongly from a previously established support level around $73,800 ā a zone that has historically acted as a solid price floor. ā This bounce was supported by a notable surge in trading volume, signaling renewed interest from both retail and institutional buyers. It marked the ākey buy point most people missedā ā a psychological and technical level that m