*đš ETHEREUM BREAKS OUT: +37.74% FROM 31-DAY BASE*
*ETH/USD: $2,455.2 | +0.51% on the day* đą
ETH just woke up. After a month of boring price action, Ethereum is sending it.
*Chart Breakdown:*
- *Base*: 31 days, 31 bars between $1,848 - $1,930. Volume: 397.66K
- *Breakout*: Clean break above $1,930 resistance
- *Current*: $2,455.2
- *Move*: +$697.9 = *+37.74%* from the base
That grey box was accumulation. Now itâs acting as support. Classic Wyckoff.
*What this means:*
1. *Trend shift*: ETH went from ranging to trending in 1 week
2. *Momentum*: Big green daily candles = buyers in control
3. *Next levels*: $2,500 is right there, then $2,600+
Bitcoin leads, Ethereum follows. With BTC above the 200W MA, ETH breaking out makes sense. Rotation into alts is starting.
The 1D chart looks healthy. No divergence. Just pure demand.
#Ethereum
*ETH/USD: $2,455.2 | +0.51% on the day* đą
ETH just woke up. After a month of boring price action, Ethereum is sending it.
*Chart Breakdown:*
- *Base*: 31 days, 31 bars between $1,848 - $1,930. Volume: 397.66K
- *Breakout*: Clean break above $1,930 resistance
- *Current*: $2,455.2
- *Move*: +$697.9 = *+37.74%* from the base
That grey box was accumulation. Now itâs acting as support. Classic Wyckoff.
*What this means:*
1. *Trend shift*: ETH went from ranging to trending in 1 week
2. *Momentum*: Big green daily candles = buyers in control
3. *Next levels*: $2,500 is right there, then $2,600+
Bitcoin leads, Ethereum follows. With BTC above the 200W MA, ETH breaking out makes sense. Rotation into alts is starting.
The 1D chart looks healthy. No divergence. Just pure demand.
#Ethereum
