🚨 ETH JUST BROKE A 1-YEAR DOWNTREND 👀
Most traders are focused on ETH around $2,450 — but the bigger story is the market structure.
$ETH has broken above the descending trendline that has capped rallies since the August 2025 top near $4,958. That could mark the first major structural shift after more than a year of downside pressure.
🎯 Key Level: $2,438
This is the 0.618 Fibonacci retracement and is currently acting as support.
➡️ Weekly close above $2,438 → next major target around $2,920
➡️ Lose $2,400 → April 2026 swing high comes into focus
➡️ Break below that → $2,220 becomes the next key area
⚠️ Leverage is also building on both sides, with $100M+ in large long positions while significant short exposure remains.
That kind of positioning can fuel a sharp move once one side gets squeezed.
👀 Breakout or fakeout from $2,440?
Drop your call below 👇
#Ethereum #ETH #Crypto #BinanceSquare $ETH
Most traders are focused on ETH around $2,450 — but the bigger story is the market structure.
$ETH has broken above the descending trendline that has capped rallies since the August 2025 top near $4,958. That could mark the first major structural shift after more than a year of downside pressure.
🎯 Key Level: $2,438
This is the 0.618 Fibonacci retracement and is currently acting as support.
➡️ Weekly close above $2,438 → next major target around $2,920
➡️ Lose $2,400 → April 2026 swing high comes into focus
➡️ Break below that → $2,220 becomes the next key area
⚠️ Leverage is also building on both sides, with $100M+ in large long positions while significant short exposure remains.
That kind of positioning can fuel a sharp move once one side gets squeezed.
👀 Breakout or fakeout from $2,440?
Drop your call below 👇
#Ethereum #ETH #Crypto #BinanceSquare $ETH