$OP Technical Analysis;

.

.

.

• Ethereum (ETH) has been strong against Bitcoin (BTC), benefiting Ethereum-related coins like Optimism (OP).

• Continued bullish ETH trends against BTC are crucial for OP’s bullish momentum.

• OP has seen bullish breakouts and surpassed key levels, but it needs to surpass 2.85 to turn highly bullish.

• If OP has the momentum to break above 2.85 due to recent spending of momentum.

• In the short term, OP is expected to rally towards 2.8 and 2.85 but may face resistance and consolidate around 2.5 and 2.4.

• It’s advised to monitor price alerts at 2.8 and prepare to long the breakout, but it may not happen soon.

🪷

#BTC #bitcoin #Trading #ETH #BullorBear $BTC $ETH