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Just noticed ETH breaking past that $2,385 zone we've been watching. Been consolidating in that triangle for weeks, and now it's finally pushing through. The eth price prediction crowd is already eyeing $2,900 as the next target based on the pattern measurements.
What caught my eye is that ETH reclaimed the 100-day moving average during this move. That's usually a decent signal for momentum traders. The $2,385 level flipped from resistance to support pretty cleanly, which is textbook breakout behavior. Current price sitting around $2.32K with some nice volume behind it.
The tricky part now is whether we can hold above $2,480 on a daily close. That matters because it would confirm the breakout is legit and shake off that TD Sequential sell signal that's been sitting on the chart. I'm also tracking a buy wall below and sell walls around $2,440 and $2,650, so there's some friction to work through.
If ETH stays above $2,385 and can push past $2,480, then yeah, that $2,900 target starts looking realistic. There's also a rising trendline from the March lows that's been holding support, so that's another level keeping this setup intact. But if we drop back below $2,385, then we're probably looking at the $2,100 area for the next bounce. Worth keeping an eye on how the next few daily closes play out.