Ethereum’s Bullish Retest: Ready for Takeoff?

6 giorni fa

Key Insights:

Breakout & Retest in Play

Ethereum (ETH) has broken above a key resistance level around $2,727 - $2,730.
A retest of this zone could confirm it as new support before the next leg up.
Bullish Price Action Expected

The price is consolidating near recent highs, forming a potential bullish continuation pattern.
If the retest holds, ETH could surge toward $2,769 and beyond.
RSI Momentum

RSI is near overbought levels but remains strong, suggesting further upside potential after a slight pullback.

Trade Strategy:
Bullish scenario: A successful retest of $2,727-$2,730 could provide a buy opportunity for the next breakout.
Bearish invalidation: If ETH falls below this zone, a deeper correction might occur.

🔥 Final Take: Bulls are in control, and a successful support retest could ignite Ethereum’s next move toward $2,800+! 🚀

5 giorni fa

Trade chiuso: stop raggiunto

the upward movement happened before the reaction to the entry point!