#ETH HTF Analysis:
$ETH has finally broken out of the ascending trendline resistance and reclaimed the upper horizontal resistance zone that it lost back in February. This is a strong structural shift, especially with $ETH holding above the zone after the breakout instead of immediately falling back below it.
So far, it has closed multiple daily candles above this level, confirming the breakout and keeping the momentum bullish. As long as $ETH continues to hold this zone as support, I think it is well positioned for the next leg up. And if it starts moving higher with this kind of momentum, we could see the broader altcoin market follow.
$ETH has finally broken out of the ascending trendline resistance and reclaimed the upper horizontal resistance zone that it lost back in February. This is a strong structural shift, especially with $ETH holding above the zone after the breakout instead of immediately falling back below it.
So far, it has closed multiple daily candles above this level, confirming the breakout and keeping the momentum bullish. As long as $ETH continues to hold this zone as support, I think it is well positioned for the next leg up. And if it starts moving higher with this kind of momentum, we could see the broader altcoin market follow.
