Ethereum has powered through previous resistance levels, riding a clean ascending trendline and now entering a key supply zone around $3,000. While bulls have dominated the recent run, price is now brushing up against historical resistance with Stoch RSI entering overbought territory.
This is a pivotal area — if ETH breaks through with volume, the next target sits near $3,400–$3,700. But if momentum fades, a pullback into the $2,800 zone or even a retest of trendline support could offer better entries.
Momentum is hot, but traders should stay sharp — this zone has rejected price before. Smart money watches reactions, not just breakouts.
This is a pivotal area — if ETH breaks through with volume, the next target sits near $3,400–$3,700. But if momentum fades, a pullback into the $2,800 zone or even a retest of trendline support could offer better entries.
Momentum is hot, but traders should stay sharp — this zone has rejected price before. Smart money watches reactions, not just breakouts.
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Try our strategy optimizer at quanttradingpro.com
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Join our discord discord.gg/2systG9frc
We provide education & tools.
Developing free strategies weekly stay tuned...
Join our discord discord.gg/2systG9frc
We provide education & tools.
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.