Ethereum (ETH) Eyes Major Bullish Continuation: Breakout Confirmed!
$ETH Ethereum is showing strong signs of a trend reversal. After a powerful bullish impulse followed by a healthy minor correction, ETH has formed a classic bullish reversal structure.
🔍 Technical Insights:
The price has successfully broken above the pattern, delivering a significant bullish signal. As long as ETH sustains its position above this breakout zone, the probability of a continued rally remains high.
🎯 Key Price Targets:
Target 1: $3,160 – A critical historical structure zone. Reaching this level would confirm the strength of the current move.
Target 2: $3,350 – A major resistance area where we can expect significant price action.
💡 Summary of Levels:
📍 Support/Breakout Area: Must hold for bullish bias.
📍 Immediate Target: $3,160
📍 Extension Target: $3,350
The market structure looks promising for long-term holders and swing traders alike. Always keep an eye on the volume and manage your risks accordingly! 🍀
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