ETH Breaks Out with Bullish Momentum: Eyes on Key Resistance
2025-01-31
Category: None

ETH Breaks Out with Bullish Momentum: Eyes on Key Resistance 

Since last night, the entire market has been in a state of panic due to President Trump's recent decisions. Trump threatened to raise tariffs on Canada and Mexico to 25%, and also warned China of higher tariffs. In short, it's a real mess.

But why are cryptocurrencies rising today?

The market was hesitantly waiting for Trump to approve the cryptocurrency law. Apparently, the strange movements that President Trump has announced have also put the crypto market in motion, anticipating his decision.


 Technical Analysis: 
The price has broken out from the pattern, indicating an increase in bullish momentum. The breakout appears solid for the moment, suggesting that ETH may rise further. A very strong resistance zone is identified near 3500. If the price breaks out above 3500, it should pave the way for further growth, with a minimum target of 3700.

 You may find more details in the chart!
Thank you and Good Luck!

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