๐จ ETH JUST WOKE UP! ๐จ
Ethereum has delivered a serious pump, breaking back above the psychological $2,000 zone and pushing into the $2,200+ area. ETH is now trading around $2.25Kโ$2.29K, with the 7-day move around +30%. ๐๐ฅ (FXEmpire)
๐ ETH Technical Analysis
๐น Current zone: ~$2,250โ$2,290
๐น Immediate resistance: $2,300
๐น Major resistance: $2,500
๐น Key support: $2,100โ$2,000
๐น Major downside support: ~$1,900
The structure is clearly bullish after the aggressive breakout, but there is one warning: RSI is already in overbought territory, meaning a short-term pullback or consolidation would be completely normal. (Investing.com)
๐ฏ Bullish scenario:
If ETH breaks and holds $2,300, the next major area Iโm watching is $2,500. A clean weekly reclaim of $2,500 would be a much stronger confirmation of a broader trend reversal.
โ ๏ธ Bearish scenario:
Failure to hold $2,100 could trigger profit-taking toward $2,000, while losing $1,900 would weaken the current setup.
๐ก My TA view:
Bullish momentum โ but donโt blindly chase the pump.
A breakout + successful retest is much healthier than buying an extended candle.
ETH bulls are back in controlโฆ but can they take $2,500? ๐
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