๐ Ethereum on the Verge of a Breakout: Key Levels to Watch! ๐
Ethereum is currently consolidating within an ascending triangle pattern, indicating a potential breakout but lacking a clear directional bias at the moment. ๐
๐ Support Level: The $2,160 support zone is holding firm, intersecting with both the ascending trendline and the 100-day moving average (MA 100), offering a promising medium-term long opportunity for bulls. ๐ผ
๐ Crucial Resistance: The previous high at $2,730 is the key level to watch. For bulls to gain full control and drive a sustained uptrend, a decisive break above this resistance is essential. ๐
๐ก Strategy: Staying patient is crucial as Ethereum trades within these boundaries. Waiting for the price to test the $2,160 support or a breakout above $2,730 offers more favorable trading opportunities.
๐ Keep an eye on the charts and be ready to take action when the market makes its move! ๐
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