Ethereum has started the week with a strong push from support levels, catching short sellers off guard and sparking a fresh round of bullish momentum.
The recent breakout is showing signs of strength, but key resistance levels still lie ahead.
Technical Analysis
By Edris Derakhshi
The Daily Chart
ETH’s daily structure remains bearish overall, with prices still trading well below the 200-day moving average, which is located around the $2,800 mark. However, buyers have stepped in at the critical $1,550–$1,600 support zone, leading to a clean rebound toward the $1,800 level.
This marks a short-term break in the bearish sequence, and if buyers manage to hold this momentum, the next hurdle sits around $1,950–$2,000. A potential breakout above this level will show if this recovery is serious or not.
The 4-Hour Chart
On the 4H chart, ETH broke out of a clear ascending triangle pattern, confirming a bullish breakout above the $1,700 mark. This structure had been forming for the last coup
We współpracy z: https://cryptopotato.com/ethereum-price-analysis-is-eth-breaking-free-from-bearish-patterns/
