ANET Price has respected the support line around $94–97, which was previously a breakout zone and now serves as a solid foundation for a potential upward move. Volume Profile shows strong interest in this range, confirming its importance.Technical view:
• Rebound from support at $94.36 (July 2)
• Rounded base pattern in formation
• Stochastic oscillator is entering overbought zone – early caution, but momentum still bullish
• Upside potential to $128–130 if breakout continues
Fundamentals:
• Arista benefits from AI-driven infrastructure demand
• Strong revenue growth and margins, especially in cloud networking
• Partnering with Microsoft and Meta for high-speed data center solutions
• Low debt, healthy cash reserves – stable balance sheet
📌 Watch zone: $97–101
Break and hold above $102 could confirm bullish continuation.
What’s your take – are we setting up for a breakout or due for a pause?
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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.