ETH Breakout: $3,050 Next? ๐
Ethereum is showing a major technical breakout.
ETH has broken above the $2,661.52 resistance level from September 11, breaking out of a recent bull-flag formation, according to Reuters' technical analysis. ๏ฟฝ
Reuters
Key levels traders are watching:
๐ฏ $2,775โ$2,825 โ potential consolidation zone
๐ฏ $3,050 โ technical bull-flag target
โ ๏ธ $2,560โ$2,565 โ important downside level
โ ๏ธ $2,350โ$2,360 โ deeper invalidation area
The key question now isn't simply โWill ETH go up?โ
It's:
Can ETH hold the breakout?
A breakout followed by a successful retest can provide much stronger confirmation than chasing a large green candle.
$ETH
$BTC
#Ethereum
Ethereum is showing a major technical breakout.
ETH has broken above the $2,661.52 resistance level from September 11, breaking out of a recent bull-flag formation, according to Reuters' technical analysis. ๏ฟฝ
Reuters
Key levels traders are watching:
๐ฏ $2,775โ$2,825 โ potential consolidation zone
๐ฏ $3,050 โ technical bull-flag target
โ ๏ธ $2,560โ$2,565 โ important downside level
โ ๏ธ $2,350โ$2,360 โ deeper invalidation area
The key question now isn't simply โWill ETH go up?โ
It's:
Can ETH hold the breakout?
A breakout followed by a successful retest can provide much stronger confirmation than chasing a large green candle.
$ETH
$BTC
#Ethereum