$ETH JUST FLIPPED THE MACRO DOWNTREND. đš
ETH spent months trading under this descending trendline, printing lower highs over and over.
Then we got the setup:
Strong support bounce â
Macro trendline breakout â
Massive expansion â
Holding above the breakout â
ETH is now consolidating around $2.4Kâ$2.5K after the breakout.
Thatâs important.
Weâve seen fakeouts from this trendline before, so the next step is simple:
HOLD THE BREAKOUT â CONFIRM THE TREND REVERSAL.
If ETH keeps holding above the trendline and starts expanding again, the next major levels are around $2.7K â $3K+.
This is no longer just a bounce from support.
ETH may have finally broken the macro downtrend. đđ„
#BTC Price Analysis# #Macro Insights# #Altcoin Season# #ETH
ETH spent months trading under this descending trendline, printing lower highs over and over.
Then we got the setup:
Strong support bounce â
Macro trendline breakout â
Massive expansion â
Holding above the breakout â
ETH is now consolidating around $2.4Kâ$2.5K after the breakout.
Thatâs important.
Weâve seen fakeouts from this trendline before, so the next step is simple:
HOLD THE BREAKOUT â CONFIRM THE TREND REVERSAL.
If ETH keeps holding above the trendline and starts expanding again, the next major levels are around $2.7K â $3K+.
This is no longer just a bounce from support.
ETH may have finally broken the macro downtrend. đđ„
#BTC Price Analysis# #Macro Insights# #Altcoin Season# #ETH
