ETH Shows Bullish Continuation Signals After Strong Breakout
#ETH #bullish #Continuation Ethereum ($ETH) is currently consolidating just below its recent local highs after a strong and impulsive breakout. This type of price behavior often signals bullish continuation, suggesting that buyers remain in control while the market takes a brief pause.
After surging sharply from the 2,970 level, ETH is now holding firmly above the EMA (7, 25, 99) on the 1-hour timeframe. This alignment of moving averages reflects strong short-term and mid-term momentum. Importantly, the higher-highs market structure remains intact, confirming that the overall trend is still bullish.
At the moment, price action is forming a healthy consolidation just below the 3,150 resistance zone. Such consolidation below resistance typically builds pressure for the next move higher.
Trade Setup (Bullish Bias)
LONG Entry Zone: 3,080 – 3,130
Target 1 (TP1): 3,180
Target 2 (TP2): 3,280
Target 3 (TP3): 3,420
Stop Loss: 3,000
The bullish bias remains valid as long as ETH holds above 3,050. A clean breakout above 3,150 would likely accelerate upside momentum and open the door for higher targets.
Ethereum continues to show strength, and the current structure favors buyers unless key support levels are lost