Ethereum is once again showing signs of strength after a powerful bullish impulse followed by a healthy pullback. This type of price behavior is often seen when the market is resetting before the next move higher — and right now, the structure is leaning bullish 📈.
After the strong upward push, ETH entered a short corrective phase. Instead of breaking down aggressively, price respected key support zones and formed what looks like a classic bullish continuation pattern. This is important because strong trends rarely move in straight lines — they pause, consolidate, and then continue 🚀.
Breakout Confirms Bullish Bias ✅
The most critical development is that ETH has now broken above the pattern resistance, flipping previous selling pressure into potential support. This breakout is a strong bullish signal, suggesting that buyers are stepping back in with confidence.
As long as ETH holds above the breakout area, the probability of further upside remains high. Failed breakouts usually retrace quickly — but so far, ETH is showing stability, which favors the bulls 🟢.
Upside Targets to Watch 🎯
3,160 – This is the first key upside target and a major structure level from the past. If price reaches this zone, some resistance or short-term profit-taking is expected.
3,350 – If bullish momentum remains strong, ETH could push toward this level. This area is considered a strong resistance zone, where the market may slow down or consolidate again.
A clean break above 3,160 with volume would significantly improve the chances of ETH testing the 3,350 region 💪.
Market Outlook 🧠
Overall, ETH’s structure remains constructive. The combination of:
Higher lows
Breakout confirmation
Controlled pullback
…suggests that bulls are regaining control of the market. However, traders should always watch how price reacts at resistance zones and manage risk accordingly ⚠️.
Key Levels Recap 🔑
📌 3,160
📌 3,350
You may find more clarity by observing price action directly on the chart.
Thank you, and good luck with your trades! 🍀
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✅ Trade smart and stay disciplined on $ETH