Ethereum has successfully broken out of the descending trendline, signaling potential bullish momentum. The price is currently holding within a strong support zone, which could act as a launchpad for further upside movement.
I expect the market to push higher towards the next key resistance levels. My target levels are set at $1,989.71, $2,155.17, and $2,267.42, while the stop-loss is positioned at $1,776.44 for risk management.
A retest of the breakout zone could provide an optimal entry before continuation to the upside. Watching for confirmation and volume increase to validate the move.
I expect the market to push higher towards the next key resistance levels. My target levels are set at $1,989.71, $2,155.17, and $2,267.42, while the stop-loss is positioned at $1,776.44 for risk management.
A retest of the breakout zone could provide an optimal entry before continuation to the upside. Watching for confirmation and volume increase to validate the move.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.