Lingrid | ETHUSDT downward CHANNEL Breakout

ETHUSDT has broken and closed above the downward channel, marking a bullish sign. After forming a consolidation zone, it temporarily made a fake breakout before taking liquidity below the 2900 level. Currently, the market seems to be heading towards the key resistance level at 3000. I think that the market is prepared to break and close above this resistance zone. Notably, the market has also surpassed the previous two-day high and absorbed the range zone. I expect a potential rollback to the support level before moving upwards towards the key level and potentially reaching the previous week's high. My target is set at the resistance level of 3100.


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