ETH Eyes $3000 With This Breakout

Steady Growth Over the Last Week: ETH has shown steady growth, hinting at a breakout run possibility.
Anticipation for $2600 Breakout: Buyers are gearing up for a run to $3000, with high expectations set on surpassing the $2600 resistance.
Recovery from $2200 Demand Zone: Ethereum has bounced back from a crucial demand zone, embarking on a steady uptrend.
Rounding Bottom Pattern Formation: A rounding bottom pattern is forming, indicating a bullish trend towards challenging the $2600 resistance.
Boost from Bitcoin's Surge: The altcoin market, including ETH, gains additional momentum from Bitcoin's surge beyond $47K.
Ethereum ETF and Dencun Upgrade Anticipation: The potential for an Ethereum ETF and the upcoming Dencun upgrade contribute to ETH's growth prospects.
Challenge to Previous Bull Run Peak: ETH is ready to challenge its previous bull run peak at $2600, signaling a bullish reversal.
Higher Price Rejection at $2500: Despite the bullish trend, there's a warning of potential pullbacks with higher price rejection candles at $2500.
Current Trading Price: ETH is currently trading at $2500, with a slight intraday drop suggesting a possible evening star pattern.
Technical Indicators - MACD: The MACD indicators support a bullish momentum, hinting at an imminent breakout.


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.