Ethereum breakout points to new all-time high
I expect Ethereum to reach a new all-time high soon after its latest breakout. The price has broken out again, indicating renewed bullish momentum.
I’m watching for continuation above resistance and stronger volume as confirmation; short-term pullbacks are possible but the overall bias is positive.
Analysis
Recent breakout above resistance and increasing momentum suggest a continuation toward new highs, but confirmation via volume and on-chain metrics is important to rule out a false breakout.
Recommendation
I recommend a strong buy bias: consider entering on confirmation or on small pullbacks, size positions to risk tolerance, and place stops below key support levels.
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.