ETH: Breakout or Retest? đ
Ethereum is sitting at an interesting technical point.
ETH was around $2,691 on September 26, while recent technical analysis identified $2,661.52 as an important breakout level. ïżœ
iEconomy +1
That gives traders a simple structure to watch:
đą Holding above $2,660 â breakout remains relevant
đĄ $2,775â$2,825 â next area highlighted by technical analysis
đŽ Losing $2,560â$2,565 â momentum could weaken
The lesson?
A breakout is only useful if price can hold it.
Instead of chasing a green candle, Iâd rather watch the retest + volume + daily close.
What are you watching for ETH â continuation or retest? đ
$ETH
$BTC
#Ethereum
Ethereum is sitting at an interesting technical point.
ETH was around $2,691 on September 26, while recent technical analysis identified $2,661.52 as an important breakout level. ïżœ
iEconomy +1
That gives traders a simple structure to watch:
đą Holding above $2,660 â breakout remains relevant
đĄ $2,775â$2,825 â next area highlighted by technical analysis
đŽ Losing $2,560â$2,565 â momentum could weaken
The lesson?
A breakout is only useful if price can hold it.
Instead of chasing a green candle, Iâd rather watch the retest + volume + daily close.
What are you watching for ETH â continuation or retest? đ
$ETH
$BTC
#Ethereum