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🚨 Ethereum Breakout Targeting $3,705 — Key Levels & Momentum Shift Ahead!
$ETH $BTC
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◆ Overview: ETH Enters Bullish Breakout Zone
Ethereum (ETH) has breached a significant resistance line, signaling the start of a bullish breakout phase. With momentum building and buyers regaining control, technical indicators are now pointing toward a potential target of $3,705.
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◆ Breakout Confirmation Above $3,350 Resistance
Ethereum decisively broke above the $3,350 resistance level, confirming the breakout structure.
Volume supported the move, with bullish candles expanding in size—indicative of strong buyer interest.
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◆ Technical Structure Turns Favorable
ETH has formed a classic ascending triangle over the past several weeks, a pattern that typically precedes upward continuation.
The breakout from the triangle projects a measured move toward the $3,705 zone, based on technical height.
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◆ Key Momentum Indicators Flash Bullish
RSI (Relative Strength Index) has crossed above 60 and is trending upward, suggesting sustained bullish momentum.
MACD (Moving Average Convergence Divergence) is in positive territory with a bullish crossover—another signal of growing strength.
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◆ Resistance Ahead: What to Watch Next
Immediate resistance lies around $3,560, the last local high before the correction.
If bulls clear this level, the path to $3,705 becomes increasingly probable.
Support now sits firmly at $3,300, making it a critical level for bulls to defend.
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◆ Market Context: ETH Outperforms BTC
Ethereum’s recent breakout comes amid relative strength compared to Bitcoin, which is currently consolidating.
This ETH/BTC divergence suggests capital rotation toward altcoins—often a bullish signal for the overall market.
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◆ Conclusion: Eyes on $3,705—But Caution Remains
Ethereum's breakout is technically valid and backed by momentum, but macro events or Bitcoin volatility could still derail the path. If ETH maintains support and volume, the $3,705 target remains the next logical move for this rally.
--- #Show My Alpha Points# #ETH Whales Accumulate# #Fed Officials Signal Rate Cut# x