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$ETH UP 4.8% – IS THIS THE START OF SOMETHING BIGGER?!"
$ETH is leading the altcoin rally today, up 4.8%. But I'm noticing something on the daily chart – a bullish engulfing candle that has completely swallowed yesterday's red candle. This is often a sign of strong buying pressure.
The 2-hour chart shows a break above the $1,850 resistance level that had held for a week. The next major resistance sits at $1,900.
Volume is confirming the move – significantly higher than the 10-day average. If ETH holds above $1,850, I'd expect a push toward $1,920. But a drop back below $1,820 would be a warning sign.
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