$ETH UPDATE 👀
ETH is trading around 1,706 after a sharp recovery from the 1,505 lows, with price now breaking above the descending trendline from the 2,150 highs for the first time since late May. This is a notable development — the trendline that has capped every rally for over a month has now been breached, with the 1,720 horizontal resistance zone as the next key level to clear.
A hold above the broken trendline near 1,660 and a reclaim of 1,780 would open the door toward the 1,830–1,910 range. Losing 1,660 on an 8H close would invalidate the breakout and risk a return toward the 1,580–1,505 lows. Reclaiming 1,780 with conviction would confirm the trend is reversing.
#ETH #Erinacrypto $ETH
ETH is trading around 1,706 after a sharp recovery from the 1,505 lows, with price now breaking above the descending trendline from the 2,150 highs for the first time since late May. This is a notable development — the trendline that has capped every rally for over a month has now been breached, with the 1,720 horizontal resistance zone as the next key level to clear.
A hold above the broken trendline near 1,660 and a reclaim of 1,780 would open the door toward the 1,830–1,910 range. Losing 1,660 on an 8H close would invalidate the breakout and risk a return toward the 1,580–1,505 lows. Reclaiming 1,780 with conviction would confirm the trend is reversing.
#ETH #Erinacrypto $ETH