๐ ETH Chart Analysis โ Todayโs Key Breakout Levels ๐ฅ$ETH
Right now ETH is showing a very interesting structure on the chart ๐
๐ 1๏ธโฃ Strong Bounce From Support
ETH has perfectly respected the demand zone near the lower support.
Every time ETH touches this level, buyers step in aggressively โ and today they did it again. ๐ข
๐ 2๏ธโฃ Momentum Reversal Candle
A big green engulfing candle has formed, wiping out the entire previous red move.
This usually signals trend reversal strength and whale activity. ๐โก
๐ 3๏ธโฃ Break Above Mid-Range Resistance Needed
For ETH to continue upward, it MUST break and hold above the $X mid-range zone.
If it flips this level, expect a move toward the next resistance quickly. ๐
๐ 4๏ธโฃ If Rejected โ Expect a Retest
If ETH gets rejected here, price may retest the support zone again before another attempt.
This is normal market behavior โ no panic. ๐
๐ฅ Conclusion:
ETH is trying to shift momentum from bearish to bullish.
A breakout above resistance = strong upside
Rejection = range continuation
Stay ready. ETH looks like itโs preparing for its next big move. โก๐$ETH
