Ethereum has taken support from the lower support zone and successfully regained the level. Currently, ETH is trading above the Standard Quarterly Pivot Point, which is a positive sign for the bullish structure.
If Ethereum breaks out from the upper-side resistance and confirms the breakout, we could see a strong bullish rally of around 20–25%. In that scenario, the $2,500 level could potentially be tested in the coming days.
A sustained breakout above the current resistance zone would further strengthen the bullish outlook for ETH.
If Ethereum breaks out from the upper-side resistance and confirms the breakout, we could see a strong bullish rally of around 20–25%. In that scenario, the $2,500 level could potentially be tested in the coming days.
A sustained breakout above the current resistance zone would further strengthen the bullish outlook for ETH.
Trade closed: target reached
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