List of Flash News about resistance retest
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2025-08-10 11:00 |
ETH (Ethereum) Weekly Breakout: 1.5-Year Resistance Cleared, 6 of 7 Green Weeks Signal Strength; Watch Retest and Institutional Buying Outlook
According to @cas_abbe, ETH’s weekly candle has broken above a 1.5-year resistance and 6 of the past 7 weeks have closed green, indicating strong momentum (source: @cas_abbe on X, Aug 10, 2025). He expects a retest of the breakout level and notes that a single red weekly candle would not invalidate the structure (source: @cas_abbe on X, Aug 10, 2025). He further anticipates institutional buying interest following a successful retest if former resistance holds as support (source: @cas_abbe on X, Aug 10, 2025). Traders can monitor the prior resistance zone as the key validation level per his view (source: @cas_abbe on X, Aug 10, 2025). |