$ETH closed the week up 6.77% and finally broke out of the box that has marked its previous three major breakouts. Each of those breakouts was followed by a strong rally, so this move is defintely worth watching. Now, $1,900 and $1,500 stand out as the key support levels. If ETH can hold above these areas, the next upside zone could be around $3,200–$3,600.
But I wouldn’t ignore the other side. If $ETH falls back below the box next week, this breakout could lose momentum and turn into a failed move.
For now, confirmation matters more than excitement.