🚨 “Everyone Says Ethereum Is Dead… Yet the Chart Is Quietly Preparing a Breakout.” 🚀🔥

While fear spreads across the market and traders claim ETH$ETH has lost momentum, Ethereum is actually coiling up beneath a major breakout level on the daily chart. Despite the noise, the price action is telling a different story…$BTC

As of Monday’s session, ETH is up nearly 2%, but still battling the descending resistance trendline connecting the Oct 7 & Oct 27 highs. The market is in a pressure zone — and pressure leads to explosive moves. ⚡

🔵 Bullish Scenario — Breakout Incoming?

If Ethereum manages a daily close above last Thursday’s high at $3,240, it would confirm a technical breakout. That unlocks the next major target:

🎯 TP Zone 1: 200-day EMA at $3,459

🎯 TP Zone 2: Higher breakout continuation toward $3,650

A close above $3,240 = bulls taking full control.

📈 Momentum Is Recovering — But Not Confirmed Yet

ETH is showing signs of strength similar to Bitcoin:

🟦 RSI: Now around 49, pushing toward the key 50 level

➡️ A breakout above 50 = confirmed bullish momentum

🟦 MACD: Slowly drifting upward toward the zero line

➡️ Downside pressure fading

➡️ Uptrend energy rebuilding

But… we aren’t in a confirmed uptrend yet.

This is the accumulation-recovery phase — right before big moves.

⚠️ Downside Risk Still Looms

If Ethereum fails to break the trendline and falls back below $3,000, selling pressure could intensify fast.

🔻 Next major bearish target:

📉 $2,623 — the November 21 low

This remains the critical level where bears regain full control.

✅ ETH Trading Plan — High-Probability Setups

Use whichever side the chart confirms — not emotions. 🔥

🔵 Buy Setup (Breakout Strategy)

📌 Entry: $3,260 – $3,300

📌 Trigger: Daily close above $3,240

🎯 TP 1: $3,460 (EMA 200)

🎯 TP 2: $3,650

🛑 SL: $3,050

🔴 Sell Setup (Rejection Strategy)

📌 Entry: $3,180 – $3,240

📌 Trigger: Clear rejection at trendline

🎯 TP 1: $3,000

🎯 TP 2: $2,630 Follow

🛑 SL: $3,380