$ETH finally woke up? 👀
Ethereum finished the week up 6.77% and finally broke out of consolidation. What’s interesting is that the exact same pattern has happened three times in the last two years: range box → breakout of structure → move to $4000+.
There’s one more thing. In all four cases, the MACD turned upward from below zero. And now it’s doing the same.
But now the most important part is to hold above the $2300–2600 zone.
If ETH manages to close above, the next area to watch is $3200–3600.
If the breakout turns out to be false and next week the price returns inside the consolidation range, the momentum could quickly fade.
Below we have $1900, and further down — strong support near $1500, from which the market has already bounced twice.
So right now $ETH has to go through the most interesting part: proving that this time the breakout is real. 📈
#UkrainianContent
Ethereum finished the week up 6.77% and finally broke out of consolidation. What’s interesting is that the exact same pattern has happened three times in the last two years: range box → breakout of structure → move to $4000+.
There’s one more thing. In all four cases, the MACD turned upward from below zero. And now it’s doing the same.
But now the most important part is to hold above the $2300–2600 zone.
If ETH manages to close above, the next area to watch is $3200–3600.
If the breakout turns out to be false and next week the price returns inside the consolidation range, the momentum could quickly fade.
Below we have $1900, and further down — strong support near $1500, from which the market has already bounced twice.
So right now $ETH has to go through the most interesting part: proving that this time the breakout is real. 📈
#UkrainianContent