ETH: Breakout Avoids $1,900 Retest

ETH just delivered an insane breakout and Michaël van de Poppe states the market will not revisit $1,900 in the short term.

Price is expected to sweep $2,465 before any stall, with optimal bids eyed below $2,235 and especially at $2,100 ahead of the next leg toward $3,500 or fresh all-time highs.

Technical confluence on the 4h chart shows price at $2415.8 inside the Bollinger Bands while the upper band at $2570.21 acts as immediate resistance; with RSI(14) already at 94.34 the move is overextended yet the MACD golden cross and EMA50 support at $2073.07 remain intact, suggesting a healthy pullback to that level before continuation.