đš ETHEREUM THE BREAKOUT IS NOW IN PRICE DISCOVERY đš
Ethereum is trading around $2,271, up more than 17%, after exploding from the $1,900s and reaching a new local high around $2,333.65.
Remember the $1,940â$1,950 zone we were watching?
ETH broke through it and the move has been massive. đ„
đ WHAT I'M WATCHING NOW
ETH is consolidating just below the $2,333 high instead of immediately giving back the entire move. That matters.
The 1H structure remains strongly bullish, with price still trading well above the MA(25) around $2,205 and MA(99) around $1,979.
But after a move this aggressive, chasing the top becomes dangerous.
The key area now is $2,200â$2,230.
If ETH pulls back into this zone and buyers defend it, a clean higher low could set up another attempt at $2,333.
đ„ A break and hold above $2,333 could signal another leg higher.
â But if ETH loses the $2,200 area with strong selling pressure, expect a deeper correction before continuation.
From $1,937 to $2,333 the breakout thesis has already delivered.
Now we find out whether ETH can turn this explosive move into a sustained uptrend.
#ETH #Ethereum #ETHUSDT $ETH
Ethereum is trading around $2,271, up more than 17%, after exploding from the $1,900s and reaching a new local high around $2,333.65.
Remember the $1,940â$1,950 zone we were watching?
ETH broke through it and the move has been massive. đ„
đ WHAT I'M WATCHING NOW
ETH is consolidating just below the $2,333 high instead of immediately giving back the entire move. That matters.
The 1H structure remains strongly bullish, with price still trading well above the MA(25) around $2,205 and MA(99) around $1,979.
But after a move this aggressive, chasing the top becomes dangerous.
The key area now is $2,200â$2,230.
If ETH pulls back into this zone and buyers defend it, a clean higher low could set up another attempt at $2,333.
đ„ A break and hold above $2,333 could signal another leg higher.
â But if ETH loses the $2,200 area with strong selling pressure, expect a deeper correction before continuation.
From $1,937 to $2,333 the breakout thesis has already delivered.
Now we find out whether ETH can turn this explosive move into a sustained uptrend.
#ETH #Ethereum #ETHUSDT $ETH