ETH is pressing the highs but I’m watching the retest, not chasing it.
$ETH is sitting around $2,603, just below the visible high near $2,609.63 on the 5-minute chart.
The structure is clean:
EMA 30: $2,588.81
EMA 50: $2,578.00
EMA 100: $2,554.25
EMA 200: $2,524.43
All the EMAs are rising and price remains above them. After the earlier breakout, ETH pulled back into the short-term averages and buyers stepped back in.
Now comes the interesting part: $2,610.
A clean push above that area would put the breakout back in focus. If price gets rejected, I’d watch how it reacts around $2,589–$2,578 rather than assuming the trend is over.
Sometimes the strongest signal isn't the breakout candle it's how price behaves when everyone starts watching the breakout.
ETH: new high next, or another rejection around $2.61K?
#ETH #ETHUSDT #Ethereum #CryptoTrading #BinanceSquare
$ETH is sitting around $2,603, just below the visible high near $2,609.63 on the 5-minute chart.
The structure is clean:
EMA 30: $2,588.81
EMA 50: $2,578.00
EMA 100: $2,554.25
EMA 200: $2,524.43
All the EMAs are rising and price remains above them. After the earlier breakout, ETH pulled back into the short-term averages and buyers stepped back in.
Now comes the interesting part: $2,610.
A clean push above that area would put the breakout back in focus. If price gets rejected, I’d watch how it reacts around $2,589–$2,578 rather than assuming the trend is over.
Sometimes the strongest signal isn't the breakout candle it's how price behaves when everyone starts watching the breakout.
ETH: new high next, or another rejection around $2.61K?
#ETH #ETHUSDT #Ethereum #CryptoTrading #BinanceSquare
