ETH just broke two major barriers:
✅ Closed above the 200MA on the weekly
✅ Broke out of the pink zone, which marks the textbook double top base from June & December 2024
That pink box held price for months — a structural pivot that now flips from resistance to possible support.
Price paused into the 50MA, which typically doesn’t offer heavy resistance on the 1W.
If we see a pullback, I’m watching for a wick into the 200MA or even into the pink zone. Otherwise, this might just go vertical if macro stays calm.
✅ Closed above the 200MA on the weekly
✅ Broke out of the pink zone, which marks the textbook double top base from June & December 2024
That pink box held price for months — a structural pivot that now flips from resistance to possible support.
Price paused into the 50MA, which typically doesn’t offer heavy resistance on the 1W.
If we see a pullback, I’m watching for a wick into the 200MA or even into the pink zone. Otherwise, this might just go vertical if macro stays calm.
Trade active
Price is more or less holding at the same levels, with the 200MA still acting as support.Let’s see if tonight’s close brings any meaningful change.
Trade closed manually
PSAR has turned red and price is closing below the 200MA today. That’s enough reason to lock in some profit and step aside—for now, it’s wiser to wait.
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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.