Ethereum's Uptrend on the 1H Chart: Will It Break the Resistance? 📈

Just wanted to share a quick update on what I'm seeing with Ethereum($ETH ) on the 1-hour timeframe. We've got a nice little uptrend happening. You can tell because each time #Ethereum(ETH) dips, it's encouraging to observe that each pullback results in a 'higher low' compared to the previous one. This pattern of higher lows is a classic sign of a strong uptrend, suggesting that buyers are stepping in at increasingly higher prices, which could indicate a continuation of upward momentum if this trend persists.

We're hitting a bit of a wall around $2,840 to $2,870 though. It's like #ETH/USDT is taking a breather every time it gets there. If we can push past that ceiling, we might be in for some good news and possibly see even higher prices.

But let's not forget about our safety net – that trendline that's been under the prices like a trampoline. As long as we're staying above that line, I'm feeling pretty good about the uptrend sticking around. If we start to see prices dipping below it, that's my cue to reevaluate what's going on.

So, that's the deal for now. Keeping it simple, we just want to see if ETH can break that $2,870 mark and stay above our trendline. As always, keep an eye on the market and don't put all your eggs in one basket. Let's trade smart!

Remember, This isn't financial advice (NFA)

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