$ETH – Massive Bullish Breakout, Bulls Targeting Key Resistance
Trading Plan Long $ETH * Entry: 1,695 – 1,720
SL: 1,640
TP1: 1,735
TP2: 1,780
TP3: 1,850
Price broke sharply out of its consolidation zone, pushing past key moving averages with strong7 volume confirmation. The MA(7) has crossed above the longer-term MAs, indicating strong upward momentum. Buying pressure is dominant, and as long as the price stays above the 1,690 support structure, continuation toward higher psychological resistance levels remains highly likely.
Trade $ETH here 👇
What Global Experts and Trusted Platforms Think About Ethereum Right Now:
Elliott Wave & Reversal Analysis (Investing.com): Market technical analysts note that Ethereum recently completed a major multi-wave corrective pattern down to the $1,510–$1,575 zone. The daily and monthly RSI sitting in the "low-risk buy zone" suggests that an important structural macro bottom is forming, opening the door for a robust medium-term reversal rally.
Institutional Inflows & Staking ETFs (CoinGecko & CoinMarketCap): The launch of staking-enabled Ethereum ETFs earlier this year (such as BlackRock's ETHB) continues to drive structural accumulation. Top institutional analysts from Tom Lee (Fundstrat) and Standard Chartered maintain highly optimistic longer-term outlooks, emphasizing that Wall Street's focus on tokenizing real-world assets (RWAs) will solidify ETH’s infrastructure demand.
Short-Term Caution (DailyForex): While the current 4-hour chart shows an aggressive relief bounce, some conservative analysts urge caution. They state that the broader weekly frame still carries a bearish footprint following a recent "death cross" pattern, meaning a daily candle close above $1,675–$1,700 needs to firmly hold to permanently invalidate the macro downward pressure.
Trading Plan Long $ETH * Entry: 1,695 – 1,720
SL: 1,640
TP1: 1,735
TP2: 1,780
TP3: 1,850
Price broke sharply out of its consolidation zone, pushing past key moving averages with strong7 volume confirmation. The MA(7) has crossed above the longer-term MAs, indicating strong upward momentum. Buying pressure is dominant, and as long as the price stays above the 1,690 support structure, continuation toward higher psychological resistance levels remains highly likely.
Trade $ETH here 👇
What Global Experts and Trusted Platforms Think About Ethereum Right Now:
Elliott Wave & Reversal Analysis (Investing.com): Market technical analysts note that Ethereum recently completed a major multi-wave corrective pattern down to the $1,510–$1,575 zone. The daily and monthly RSI sitting in the "low-risk buy zone" suggests that an important structural macro bottom is forming, opening the door for a robust medium-term reversal rally.
Institutional Inflows & Staking ETFs (CoinGecko & CoinMarketCap): The launch of staking-enabled Ethereum ETFs earlier this year (such as BlackRock's ETHB) continues to drive structural accumulation. Top institutional analysts from Tom Lee (Fundstrat) and Standard Chartered maintain highly optimistic longer-term outlooks, emphasizing that Wall Street's focus on tokenizing real-world assets (RWAs) will solidify ETH’s infrastructure demand.
Short-Term Caution (DailyForex): While the current 4-hour chart shows an aggressive relief bounce, some conservative analysts urge caution. They state that the broader weekly frame still carries a bearish footprint following a recent "death cross" pattern, meaning a daily candle close above $1,675–$1,700 needs to firmly hold to permanently invalidate the macro downward pressure.