strong buy
Ethereum's Bullish Rally Targets $2,800 After Structural Breakout
Ethereum continues its strong upward momentum within an ascending channel, breaking previous structures with increasing volume. The buying pressure is intensifying as the price approaches a significant supply zone. After hitting a low of $2,250, ETH transitioned into a new structure (Break of Structure) and started forming higher lows, indicating bullish control. The ascending channel reflects strong influence by bullish traders. Institutional interest is notably high around $2,425, where the price consolidated before moving higher. The recent peak further supports the strength of this rally. Should Ethereum break through the resistance at $2,750, it could surge towards $2,800 or beyond. Conversely, a strong rejection might lead to a correction back to around $2,550.
Source available for registered users Sign Up Free
AI Analysis
Ethereum has demonstrated a robust bullish trend characterized by strong buying volume and a clear break of previous resistance levels. The formation of higher lows since touching a low of $2,250 sugg...
AI Recommendation
Investors should closely watch the $2,750 resistance level. A decisive breakout with high volume could signal a strong buying opportunity, targeting $2,800 or higher. It's advisable to consider enteri...
Disclaimer
The AI 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.