ETH has broken out of a long-term downtrend (black diagonal trendline) and is now in a consolidation phase below the $2,800–$2,850 resistance.
The price is currently $2,612, showing hesitation below the key horizontal resistance.
Resistance Zones:
$2,800–$2,850: Key horizontal resistance. Breaking above this confirms bullish continuation.
$3,200 and $3,600: Medium to long-term bullish targets.
Support Zones:
$2,000–$2,200: Strong horizontal support + ascending trendline + 50 EMA (red line)
$1,410: Key long-term support (unlikely to be tested soon unless the market reverses)
ETH breaks and closes above $2,850 ➝ $3,200 → $3,600 → $3,800+ likely to rise
The structure suggests that a higher low will likely form before the breakout.
If ETH rejects at $2,850, expect a retest of $2,000–$2,200 (golden zone)
This would create a bullish higher low setup and could be a strong buy-dip opportunity.
Thanks for your support!
DYOR. NFA
The price is currently $2,612, showing hesitation below the key horizontal resistance.
Resistance Zones:
$2,800–$2,850: Key horizontal resistance. Breaking above this confirms bullish continuation.
$3,200 and $3,600: Medium to long-term bullish targets.
Support Zones:
$2,000–$2,200: Strong horizontal support + ascending trendline + 50 EMA (red line)
$1,410: Key long-term support (unlikely to be tested soon unless the market reverses)
ETH breaks and closes above $2,850 ➝ $3,200 → $3,600 → $3,800+ likely to rise
The structure suggests that a higher low will likely form before the breakout.
If ETH rejects at $2,850, expect a retest of $2,000–$2,200 (golden zone)
This would create a bullish higher low setup and could be a strong buy-dip opportunity.
Thanks for your support!
DYOR. NFA
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Related publications
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.