ETH Breakout: Hold ATH, Continue Higher
I believe that if ETH reclaims its all-time high, it will hold that level and continue higher. I expect a breakout that converts the ATH into support and attracts follow-through buying.
I would watch for a confirmed retest of the ATH as my signal to increase exposure, since breakouts that hold often lead to sustained moves. I remain cautious about false breakouts and would keep risk controlled with a stop under the retest low.
Analysis
Recommendation
Consider buying on a confirmed breakout and retest of the ATH or add exposure on strength with a stop-loss under the retest low; otherwise wait for confirmation to avoid false breakouts.
Disclaimer
The Analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.