#ETH Market Analysis 📈
ETH/USDT has finally broken above the descending trendline that has capped every rally for more than two months. Trading around 1,705 on the 8H chart, ETH has surged out of a falling wedge while the 1,530 support continues to hold, signaling renewed buying momentum.
🟢 Bullish Scenario: Holding above 1,680 could confirm the breakout and pave the way toward 1,750, with 1,810 as the next major target.
🔴 Bearish Scenario: Losing 1,650 would weaken the breakout, exposing 1,580 and putting the bullish structure back in doubt.
Are you buying the breakout, or waiting for a successful retest before entering?
#Ethereum #ETH #Crypto
ETH/USDT has finally broken above the descending trendline that has capped every rally for more than two months. Trading around 1,705 on the 8H chart, ETH has surged out of a falling wedge while the 1,530 support continues to hold, signaling renewed buying momentum.
🟢 Bullish Scenario: Holding above 1,680 could confirm the breakout and pave the way toward 1,750, with 1,810 as the next major target.
🔴 Bearish Scenario: Losing 1,650 would weaken the breakout, exposing 1,580 and putting the bullish structure back in doubt.
Are you buying the breakout, or waiting for a successful retest before entering?
#Ethereum #ETH #Crypto