#ETHBreaks1700

🔥 Ethereum Breaks $1,700. Is This a Big Deal or Just a Quick Jump?

Ethereum going above $1,700 gets people talking.

After trying to break through for a while a big jump like this can quickly change how people feel. Traders who were waiting start thinking about buying while those who bet against it start to wonder if they made a mistake.

That's how things start to pick up.

The good news is easy to see.

If Ethereum can stay above this level with lots of activity it could turn resistance into new support. That would make buyers feel better and maybe bring in money to the altcoin market. When Ethereum does well many other good altcoins do well too.

I'm not getting too excited yet.

The crypto market loves to test peoples patience.

A big jump only means something if buyers keep it going. If not many people buy and Ethereum falls back below $1,700 todays excitement could be for nothing trapping people who bought in and making them sell.

That's the risk.

For me what happens next is more important than this big jump.

Can Ethereum stay above $1,700?

Do people keep buying?

Do sellers take control again?

Those answers will tell us if this is the start of something just a quick bounce.

My take?

It looks better than it did a weeks ago but its always better to wait and see than to get emotional.

In markets waiting often works better, than chasing gains.

What do you think. Can Ethereum keep going up or is another drop coming?

#GateSquare #ETH #Ethereum,