#ETH Market Analysis ๐
$ETH is finally showing some strength. After more than two months of being rejected by the same descending trendline, ETH/USDT has finally broken above it. Price is now trading around 1,705, following a strong move out of the falling wedge, while the 1,530 support zone continues to hold, giving buyers more confidence.
Bullish scenario: If ETH stays above 1,680 and turns the broken trendline into support, the next targets could be 1,750, followed by 1,810 if momentum continues.
Bearish scenario: If the breakout fails and price falls back below 1,650, we could see a move toward 1,580, which would put the breakout under pressure.
The big question now: Are you buying the breakout, or waiting for a successful retest before entering?
#ETH #Ethereum #Trading #crypto
$ETH is finally showing some strength. After more than two months of being rejected by the same descending trendline, ETH/USDT has finally broken above it. Price is now trading around 1,705, following a strong move out of the falling wedge, while the 1,530 support zone continues to hold, giving buyers more confidence.
Bullish scenario: If ETH stays above 1,680 and turns the broken trendline into support, the next targets could be 1,750, followed by 1,810 if momentum continues.
Bearish scenario: If the breakout fails and price falls back below 1,650, we could see a move toward 1,580, which would put the breakout under pressure.
The big question now: Are you buying the breakout, or waiting for a successful retest before entering?
#ETH #Ethereum #Trading #crypto