📈 Ethereum (ETH/USDT) Technical Analysis | Breaking the Trend – What's Next?
As shown in the chart, Ethereum has broken out of the descending trendline and is now moving upward with strength. However, price is currently facing a key resistance at $2,647, which has acted as a supply zone in previous sessions.
🟢 Bullish Scenario: Break and Rally
If ETH can successfully break above the $2,647 resistance, the next upside targets are:
$2,680 – mid-level resistance with past reactions
$2,720 – a strong psychological and technical resistance
A clean breakout above these levels could confirm a bullish continuation and bring more momentum to the market.
🔻 Bearish Scenario: Rejection and Pullback
If the price fails to break this resistance and shows signs of bearish rejection, we may see a short-term correction. Key support levels to watch:
$2,620 – minor support
$2,609 – key intraday support
$2,572 – a stronger demand zone if the correction deepens
📌 Conclusion
Ethereum is at a critical decision point. A breakout can fuel bullish momentum, while a rejection may trigger a pullback. Watch for candlestick confirmations and volume surges for better trade entries.
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As shown in the chart, Ethereum has broken out of the descending trendline and is now moving upward with strength. However, price is currently facing a key resistance at $2,647, which has acted as a supply zone in previous sessions.
🟢 Bullish Scenario: Break and Rally
If ETH can successfully break above the $2,647 resistance, the next upside targets are:
$2,680 – mid-level resistance with past reactions
$2,720 – a strong psychological and technical resistance
A clean breakout above these levels could confirm a bullish continuation and bring more momentum to the market.
🔻 Bearish Scenario: Rejection and Pullback
If the price fails to break this resistance and shows signs of bearish rejection, we may see a short-term correction. Key support levels to watch:
$2,620 – minor support
$2,609 – key intraday support
$2,572 – a stronger demand zone if the correction deepens
📌 Conclusion
Ethereum is at a critical decision point. A breakout can fuel bullish momentum, while a rejection may trigger a pullback. Watch for candlestick confirmations and volume surges for better trade entries.
🚀 Like this clean & focused analysis?
📲 Hit follow for more real-time updates, actionable setups, and smart technical breakdowns. No noise – just charts that speak. Let's grow your trading edge together! 💡📊
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.