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Ethereum / TetherUS

ETH 1D Breakout to New Highs, Can Bulls Sustain Momentum?

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Ethereum has rallied sharply after flipping the $2.8K resistance into support, pushing to fresh yearly highs above $4.3K. The breakout was fueled by strong momentum after holding a major base around $1.4K earlier in the year. Stoch RSI is trending upward, showing continued buying strength, but overextended conditions could lead to a pullback toward the breakout zone. Sustaining above $4K would keep the bullish structure intact, while a failure to hold could trigger a retest of lower supports
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Trend Analysis
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Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.