EL_STOCKTROOPER

#ETH , another attempt to break $2700 crucial resistant .lets see break or reject?

Ethereum (ETH) has been trading within a sideways range since May 10, fluctuating between $2,400 and $2,700.Recently, it has established a new support level around $2,500, suggesting that higher lows are forming.A confirmed breakout requires a daily candle close above the $2,700 resistance level (200Days MA).DYODD

As observed, ETH has been rallying since the beginning of November 2024, starting from the breakout at $2800 and rising all the way to $4090.It encountered resistance at the March 2024 level and retraced.After consolidating for weeks within the $3200 - $3600 range, the price has recently broken above $3600 and recovered above the 20 and 50 MAs.It seems the market has built new momentum and is now poised to test the $4090 level, with the potential to break above it

As observed, there were three flag breakouts in November 2024. However, the failure of the fourth flag breakout in December 2024 led to a correction.The $0.85 level appears to be well-supported, creating a flagpole, and it seems to be forming a flag pattern now, awaiting a breakout.Once the breakout occurs, it is expected to rise above $1.25

while BTC keep creating new ATH, ETH is still trying hard to break above MARCH 2024 resistance.once clear above $4090 , (best if can stay above $4100)... we will see ETH test 2021 all time high @ $4800.ETH breakout will come in surprise

Based on the 2021–2024 chart, we observe that after the bear trend in 2022, ETH has been gradually recovering since 2023, maintaining a steady and low-profile climb. Looking at the broader perspective, the next significant resistance level for ETH appears to be around $6,000.

After consolidating for four months, XRP has successfully broken through the 0.625 level, indicating renewed bullish momentum. However, it is currently facing resistance around the 0.73 mark, which may act as a barrier in the near term. We anticipate that the market could pull back slightly to retest support, followed by a period of sideways movement as it gathers momentum for the next potential upward surge. Should the price fall below the 0.60 level, however, this bullish setup would no longer be viable, and further downside could be expected.

ETH has been consolidating within the 2,300 to 2,900 range since August 2024.Yesterday, it saw a strong bullish rebound in the 2,300 - 2,500 area.We’re now looking for a decisive breakout above the 2,800 - 2,900 range. Should ETH break and hold above this level, we anticipate it could spark upward movement in other altcoins too.

The market didn't reach our anticipated level of 65,000.Following clarity from the presidential election, the market rallied and broke through previous highs. The former resistance has now become support, and we're using the previous all-time high as a support level.We anticipate further bullish momentum in crypto as long as the price stays above 71,500.

Based on the flag breakout price projection, we observe the following trend:Oct 2023 - March 2024: Formation of the flagpoleMarch 2024 - Oct 2024: Development of the flag pattern, with a retracement to the Fibonacci levels of 0.50 - 0.618With the flag breakout anticipated by the end of Oct 2024, our projections are as follows:Fibonacci target: $100,042Flag breakout projection: $110,353This suggests the next target range for Bitcoin could lie between $100,000 and $110,000.