ETH Q3 cumulative gain is nearly 60%, but the 2800 level—the key milestone—has never managed to hold. After the big rally, it ran into prior high resistance, a common pattern. The strategy logic is straightforward: don’t chase longs below the key resistance; wait until the daily close truly breaks above the resistance, then follow the momentum. After a so-called breakout, pullbacks are often fast and deep.
Compared to the current price of 2684, 2800 is still about 4% above—this is a suppression zone, not a breakout zone. More aligned parameters to the current price are: an effective breakout only counts if the daily close is above 2750, which would open up room toward 2900; if it keeps running into resistance between 2700 and 2800, then pull back to test support around 2600, and if that level is lost, look for 2500.
#ETH
Compared to the current price of 2684, 2800 is still about 4% above—this is a suppression zone, not a breakout zone. More aligned parameters to the current price are: an effective breakout only counts if the daily close is above 2750, which would open up room toward 2900; if it keeps running into resistance between 2700 and 2800, then pull back to test support around 2600, and if that level is lost, look for 2500.
#ETH