ETHUSDT is compressing in an ascending triangle, pivoting around 2 500. A decisive break above 2 520 tees up 2 800–2 900 continuation, while closing back under 2 430 would negate the immediate setup but leave macro structure bullish.Trade active
ETH – BREAKOUT CONFIRMATION📈 Ethereum has successfully broken out from a significant descending trendline and is now showing classic signs of a bullish reversal. The price has come back to retest the previous resistance, which has now flipped into solid support. This successful retest confirms the strength of the breakout and the conviction of the bulls. Holding this new support level is a clear signal for upward continuation, suggesting that momentum is shifting for a sustained move towards higher price objectives.
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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.