🚨 #ETH Market Analysis
$ETH has finally broken above the descending trendline that had capped every rally for the past two months. The breakout from the falling wedge signals a potential shift in momentum, with buyers reclaiming key market structure.
📈 Bullish Scenario: • Hold above $1,680 as new support. • Targets: $1,750 → $1,810.
📉 Bearish Scenario: • Lose $1,650 on the retest. • Possible move back toward $1,580, putting the breakout at risk.
The next retest will likely determine whether this is the start of a sustained rally or just a temporary breakout.
Are you buying the breakout or waiting for confirmation? 👇
#ETH #Ethereum #Crypto #Trading #Technical
$ETH has finally broken above the descending trendline that had capped every rally for the past two months. The breakout from the falling wedge signals a potential shift in momentum, with buyers reclaiming key market structure.
📈 Bullish Scenario: • Hold above $1,680 as new support. • Targets: $1,750 → $1,810.
📉 Bearish Scenario: • Lose $1,650 on the retest. • Possible move back toward $1,580, putting the breakout at risk.
The next retest will likely determine whether this is the start of a sustained rally or just a temporary breakout.
Are you buying the breakout or waiting for confirmation? 👇
#ETH #Ethereum #Crypto #Trading #Technical