Looking at the ETHFI /USDT chart, we’re seeing a potential bullish breakout forming. After a strong downtrend, price has recently broken the resistance trendline, indicating a possible upward movement. A target of $1.60 (approx. 24% upside) is in sight if the price holds above the trendline.
Key Points:
Breakout above resistance: A strong push above the trendline could signal further upside.
Target Level: $1.60 (24.26% increase).
Momentum: ETH has been showing strength, so keep an eye on confirmation for entry points.
As always, manage your risk and consider the broader market conditions before entering.
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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.