#Ethereum is currently bouncing from a key ascending trendline support, which has held strong in previous market corrections. This trendline has historically acted as a major reversal point.
ETH has rebounded from the $2,300–$2,400 range, aligning with the long-term trendline support.
If ETH sustains this bounce, the next major resistance lies around $3,100–$3,200. A breakout beyond this could open the path towards $4,000.
We might observe some consolidation above the trendline before a potential breakout.
The price action suggests bullish momentum, but a daily close below the trendline could invalidate this outlook.
DYOR, NFA
#ETH #Crypto
ETH has rebounded from the $2,300–$2,400 range, aligning with the long-term trendline support.
If ETH sustains this bounce, the next major resistance lies around $3,100–$3,200. A breakout beyond this could open the path towards $4,000.
We might observe some consolidation above the trendline before a potential breakout.
The price action suggests bullish momentum, but a daily close below the trendline could invalidate this outlook.
DYOR, NFA
#ETH #Crypto
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Get CRYPTOMOJO premium for free 👉 t.me/CRYPTOMOJO_TA
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