📊 MARKET ANALYSIS – $ETH
ETH remains above the key demand zone at $3,070 and continues to respect the upward trend line, indicating that buyers still have control. The recent pullback seems corrective, with the price forming a higher low, a healthy technical signal within a bullish structure.
As long as ETH maintains this support, the scenario favors a move towards the $3,200 – $3,250 zone. A clean break above that range would reinforce the bullish momentum. Conversely, losing the upward trend line would be the first sign of short-term weakness.
💡 Key Technicals to Watch:
• Solid demand zone at $3,070
• Upward trend still intact
• Corrective pullback, not impulsive
• Formation of higher lows (bullish structure)
📈 Bullish Scenario (Main):
➜ Stay above $3,070
➜ Continuity over the trend line
➜ Attack at $3,200 – $3,250
➜ Confirmed breakout = acceleration of momentum
📉 Risk Scenario:
➜ Loss of the trendline
➜ Close below the demand zone
➜ Likely deeper correction or consolidation
🧠 Conclusion:
ETH remains technically strong, with no clear signs of distribution for now. As long as it respects the structure, pullbacks are seen as opportunities rather than threats. If it breaks resistances, it accelerates; if it loses support, it’s time to slow down and protect capital. The market warns… the key is to listen to it.
#ETHBreaksATH #WriteToEarnUpgrade
