ETH continues its strong breakout after reclaiming the descending trendline, now trading around $3,303 with +6% daily momentum.
Price is pressing against the upper Bollinger Band (UP: $3,316), showing strong volatility expansion and buyer dominance. Holding above the previous resistance zone confirms a shift toward a bullish short-term structure.
Outlook: As long as ETH stays above the trendline and $3,014, the bullish continuation toward $3,600 remains likely. A small pullback would be normal after touching the upper band, but momentum still favors upside.
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15-Minute Chart Analysis: Bitcoin is showing aggressive momentum on the lower timeframes, spiking to $91,632. However, scalpers should be cautious!
• Overbought Signal: The RSI(6) has reached 77.89, which typically signals a need for a cooling-off period. • Resistance: The price is struggling to close above the previous wick high ($91.6k).
Watch for a potential retest of the Middle Bollinger Band ($91,027). If it holds, the uptrend continues. If it breaks, we might see a flush to $90.5k.
Are you shorting the resistance or longing the dip?