Ethereum Approaching Key Resistance – Breakout or Rejection?
Ethereum (
ETH) has been on a strong upward trend since bouncing from the $1500 zone, and it’s currently trading around $2372. All eyes are now on the next major resistance area between $2600 and $2900.
So what’s next—breakout or pullback?
If ETH can push through this resistance with strong momentum and volume, we could see a continuation toward $3000 and beyond.
A rejection from this level could lead to a dip back toward the $1900–$1700 support range.
My Take: The trend is bullish, but this resistance zone is a key test. A strong close above $2900 would confirm a breakout. Until then, caution and close observation are crucial.
What do you think? Will ETH break through or bounce down from here?
Share your thoughts below!
Kindly support this idea with a LIKE👍 if you find it useful🥳
Happy Trading💰🥳🤗
ETH) has been on a strong upward trend since bouncing from the $1500 zone, and it’s currently trading around $2372. All eyes are now on the next major resistance area between $2600 and $2900.So what’s next—breakout or pullback?
If ETH can push through this resistance with strong momentum and volume, we could see a continuation toward $3000 and beyond.
A rejection from this level could lead to a dip back toward the $1900–$1700 support range.
My Take: The trend is bullish, but this resistance zone is a key test. A strong close above $2900 would confirm a breakout. Until then, caution and close observation are crucial.
What do you think? Will ETH break through or bounce down from here?
Share your thoughts below!
Kindly support this idea with a LIKE👍 if you find it useful🥳
Happy Trading💰🥳🤗
Dagangan aktif
Here we are. Breakout or rejection?Dagangan ditutup: sasaran tercapai
Can we call this a rejection or wait for weekly candle close?
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Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.