Ethereum: LTF Breakout Resumes Uptrend Momentum
Trader Tardigrade notes Ethereum broke recent resistance on the 30-minute chart, retested the flipped zone and rebounded with uptrend momentum now resumed.
SourceAnalysis
@TATrader_Alan reported that Ethereum broke out recent resistance on the 30-minute chart and completed a brief retest into the flipped support zone.
Quick rebound followed the retest, confirming that uptrend momentum has resumed on the lower time frame.
At $2537.5, ETH trades inside the Bollinger Bands with the upper band at $2540.32 acting as immediate resistance while the lower band at $2462.34 marks short-term support. The 4-hour structure remains bearish as price sits below both EMA50 at $2570.43 and EMA200 at $2582.57, yet MACD has printed a golden cross at -15.24 and RSI holds neutral at 51.0. This creates a classic LTF-H TF divergence where the 30-minute breakout can extend toward the upper band before any deeper pullback tests the 50-EMA confluence zone.
Trader Tardigrade
@TATrader_AlanTechnical chartist and crypto content creator focused on Bitcoin and altcoin pattern analysis.