ETHUSD has broken out of its long-term downtrend and is now holding above key support at $2,440–$2,500. Once strong resistance, this zone has flipped to support after a clean breakout and retest.
#Ethereum could rally toward $4,000 if this level holds a potential 66% upside.
Bullish structure, but always manage your risk.
DYRO, NFA
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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.