๐ #ETH Breakout: Is This the Start of a Big Rally?
Ethereum ($ETH ) has shown a tremendous recovery in the last few hours! The chart has hit the level of $2,266, and now it is testing a critical resistance zone.
๐ Technical Breakdown:
Bullish Momentum: A series of green candles and increasing volume clearly indicate that buyers are in control.
MACD Signal: The MACD histogram has entered positive territory, providing strong confirmation of a trend reversal.
Next Targets: If the price closes above $2,300 on the daily candle, then we can see the next stop at $2,500+.$ETH ๐
Ethereum ($ETH ) has shown a tremendous recovery in the last few hours! The chart has hit the level of $2,266, and now it is testing a critical resistance zone.
๐ Technical Breakdown:
Bullish Momentum: A series of green candles and increasing volume clearly indicate that buyers are in control.
MACD Signal: The MACD histogram has entered positive territory, providing strong confirmation of a trend reversal.
Next Targets: If the price closes above $2,300 on the daily candle, then we can see the next stop at $2,500+.$ETH ๐