ETH/USDT 1DAY CHART UPDATE !!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
