Ethereum Breaks Key Resistance: Bullish Setup for ETH

🚨 **Ethereum Breaks Key Resistance – Bullish Signal!** 🚨

After weeks of consolidation, Ethereum (ETH) has finally broken through a crucial resistance level, triggering a massive short squeeze that liquidated **$46 million** worth of short positions! 💥 This is a strong sign that market sentiment could be shifting to the upside.

Here’s the breakdown:

🔑 **Resistance Breakout**: Ethereum has successfully closed a **4-hour candle above** the key resistance level, signaling a potential trend reversal and continuation to the upside. The market is now eyeing the next major target at **$2100**.

📈 **Trade Setup**:
- **Entry Point**: We are looking for a **retest of the $1960 level** as support (previous resistance), which is a strong entry zone for a long position.
- **Stop Loss**: Set your stop loss just below the previous support level at **$1920** to manage risk effectively.
- **Target**: The next major resistance is around **$2100**, where we expect some price action to unfold. A break above this could signal further upside potential.

This breakout presents a clear opportunity for traders looking to capitalize on potential bullish momentum in Ethereum. Keep your eyes on the charts and manage risk appropriately! 🔍

**Remember**: As always, trade responsibly and stay updated on market conditions.