🚀 $ETH BREAKOUT IN PROGRESS: Is $3,200 Next? 🚀
See the chart? Ethereum is finally breaking out! After a heavy test of the $2,864 support, $ETH has reclaimed the $2,943 level and is showing massive strength. The "wick" we saw on the 1H chart was a classic "liquidation hunt"—clearing out the weak hands before the real move begins.
📊 The Technical Breakdown:
The Rebound: We’ve seen a sharp recovery from the $2,860 zone.
Volume Surge: 24h Volume is sitting at a massive $15.85B, proving that the big players are active.
The Resistance: All eyes are now on the $3,034 mark. If we flip this level, the path to $3,200+ is wide open!
🔥 Why this matters:
The order book is currently showing a heavy concentration of "Asks" (79%), which usually means a Short Squeeze is brewing. When those shorts get forced to cover, the price can skyrocket in minutes.
Trader’s Tip: Watch the Funding Rate. If it stays neutral while the price climbs, this move has real legs.
What’s your strategy?
🚀 LONG: We’re heading straight to $3,200!
🐻 SHORT: It’s a fakeout, we’re going back to $2,800.
👀 WATCHING: Waiting for the $3,050 confirmation.
Drop your price targets below! Let’s see who called it first. 👇