Ethereum (
ETH) has been on a strong upward trend since bouncing from the $1500 zone, and it’s currently trading around $2372. All eyes are now on the next major resistance area between $2600 and $2900.
So what’s next—breakout or pullback?
If ETH can push through this resistance with strong momentum and volume, we could see a continuation toward $3000 and beyond.
A rejection from this level could lead to a dip back toward the $1900–$1700 support range.
My Take: The trend is bullish, but this resistance zone is a key test. A strong close above $2900 would confirm a breakout. Until then, caution and close observation are crucial.
What do you think? Will ETH break through or bounce down from here?
Share your thoughts below!
Kindly support this idea with a LIKE👍 if you find it useful🥳
Happy Trading💰🥳🤗
ETH) has been on a strong upward trend since bouncing from the $1500 zone, and it’s currently trading around $2372. All eyes are now on the next major resistance area between $2600 and $2900.So what’s next—breakout or pullback?
If ETH can push through this resistance with strong momentum and volume, we could see a continuation toward $3000 and beyond.
A rejection from this level could lead to a dip back toward the $1900–$1700 support range.
My Take: The trend is bullish, but this resistance zone is a key test. A strong close above $2900 would confirm a breakout. Until then, caution and close observation are crucial.
What do you think? Will ETH break through or bounce down from here?
Share your thoughts below!
Kindly support this idea with a LIKE👍 if you find it useful🥳
Happy Trading💰🥳🤗
Trade active
Here we are. Breakout or rejection?Trade closed: target reached
Can we call this a rejection or wait for weekly candle close?
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Telegram Channel:
t.me/PetrockTheAnalyst
Free Trial / Contact Us:
t.me/PetrockTheAnalystSupport
Recommended Exchanges:
Mexc
promote.mexc.com/r/x3TxT1ni
Bybit
bybit.com/invite?ref=761XRO
t.me/PetrockTheAnalyst
Free Trial / Contact Us:
t.me/PetrockTheAnalystSupport
Recommended Exchanges:
Mexc
promote.mexc.com/r/x3TxT1ni
Bybit
bybit.com/invite?ref=761XRO
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.