ETH Breakout: $3,050 Next? 👀
Ethereum is showing a major technical breakout.
ETH has broken above the $2,661.52 resistance level from September 11, breaking out of a recent bull-flag formation, according to Reuters' technical analysis. �
Reuters
Key levels traders are watching:
🎯 $2,775–$2,825 → potential consolidation zone
🎯 $3,050 → technical bull-flag target
⚠️ $2,560–$2,565 → important downside level
⚠️ $2,350–$2,360 → deeper invalidation area
The key question now isn't simply “Will ETH go up?”
It's:
Can ETH hold the breakout?
A breakout followed by a successful retest can provide much stronger confirmation than chasing a large green candle.
$ETH
$BTC
#Ethereum
Ethereum is showing a major technical breakout.
ETH has broken above the $2,661.52 resistance level from September 11, breaking out of a recent bull-flag formation, according to Reuters' technical analysis. �
Reuters
Key levels traders are watching:
🎯 $2,775–$2,825 → potential consolidation zone
🎯 $3,050 → technical bull-flag target
⚠️ $2,560–$2,565 → important downside level
⚠️ $2,350–$2,360 → deeper invalidation area
The key question now isn't simply “Will ETH go up?”
It's:
Can ETH hold the breakout?
A breakout followed by a successful retest can provide much stronger confirmation than chasing a large green candle.
$ETH
$BTC
#Ethereum