ETH bulls, keep your eyes on this,We’ve seen this play before:
RSI breakout → Price breakout
That’s exactly what happened back in April — a clean move that led to a strong rally.
Now we’re approaching a similar RSI structure...
Two potential scenarios ahead:
If RSI breaks out upward again, expect ETH to revisit higher zones like $3,150+
If RSI rejects from the trendline, downside toward $1,850–$1,550 isn’t off the table
RSI is often the early signal — use it to anticipate the move before the price confirms.
Trade active
As alerted earlier, RSI has been rejected from the resistance trendline we highlighted, signaling potential volatility in the
ETH price.ETH dumped nearly 10% after that rejection, validating the technical setup.
ETH is now a crucial driver for the altcoin market, so all eyes should be on its next move.
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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.
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.