$ETH has just broken strongly out of the accumulation zone.
The price has moved above $2,200, accompanied by a sharp increase in volume, which is even more noteworthy than the price rise itself.
ETH is trading above MA7/MA25 and is approaching the $2,300 area. If this momentum holds, $2,300 will be the next level to watch.
But after such a strong bullish candle, a retest is what will determine whether this is a real breakout or just a short-term pump.
The price has moved above $2,200, accompanied by a sharp increase in volume, which is even more noteworthy than the price rise itself.
ETH is trading above MA7/MA25 and is approaching the $2,300 area. If this momentum holds, $2,300 will be the next level to watch.
But after such a strong bullish candle, a retest is what will determine whether this is a real breakout or just a short-term pump.
