๐ฅ $ETH is approaching an area that could determine the next move
After a strong recovery from the recent lows, $ETH continues to push toward the $2,700 โ $2,800 zone, a key area on the chart.
๐ Bullish scenario:
A clear breakout with a close and consolidation above $2,800 could support the continuation of the upward momentum and bring the $3,000+ level back into focus.
However, on the larger timeframe, the price is still below some of the previous highs, so next weekโs weekly close will be extremely important to confirm the direction.
โณ For me: No chasing the price.
I wait for confirmation first, and then the next move will be much clearer. ๐ค
After a strong recovery from the recent lows, $ETH continues to push toward the $2,700 โ $2,800 zone, a key area on the chart.
๐ Bullish scenario:
A clear breakout with a close and consolidation above $2,800 could support the continuation of the upward momentum and bring the $3,000+ level back into focus.
However, on the larger timeframe, the price is still below some of the previous highs, so next weekโs weekly close will be extremely important to confirm the direction.
โณ For me: No chasing the price.
I wait for confirmation first, and then the next move will be much clearer. ๐ค