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Ethereum (ETH) has confirmed a double-bottom pattern by breaking the neckline at the $1,600 level and is currently trading in the $1,775–$1,780 range.
For ETH, which has experienced a strong breakout recently and gained over 11% on a weekly basis, the technical levels are as follows:
Technical Support and Resistance Levels
Resistance: The first strong resistance lies in the $1,800–$1,815 range. If this zone is surpassed with high volume, the $1,840 level could be targeted.
Support: In the event of a pullback, the most important immediate support and new pivot point is the $1,745 level. Below this, the main pattern support is located at $1,600.