After a 37% Surge, Is Ethereum Still a Buy...?Ethereum Breaks Key Resistance, Signaling Potential Trend Reversal
Ethereum has delivered two significant technical signals indicating a potential trend reversal. The first is a breakout above the longstanding downtrend line, and the second is the breach of the critical \$2,100 resistance level. These developments suggest growing bullish momentum in the market.
With both confirmation signals in place, Ethereum appears poised for further upside. Traders may now look for a potential pullback or retest around the \$2,100 level, which could serve as a strategic entry point for long positions.
If this level holds as new support, the next target to watch is the \$2,800 mark, aligning with broader market expectations and previous price structure zones.
As always, traders should monitor price action closely and manage risk accordingly in case of volatility around key levels.
