Just looking back at that ethereum price action from October 21 when ETH broke out of that symmetrical triangle. Pretty solid move at the time. Anyway, the support level around $2,553 (the 20-day EMA back then) was key to watch. If bulls held that, we'd see a push toward $2,850 as the next resistance zone. The interesting part was the invalidation scenario - if price cracked below that support level sharply, it could've trapped the whole thing back in the triangle for days. I remember watching the 4-hour chart closely because that's where you'd catch the real momentum shifts. When the price rode above the resistance line, it signaled the bulls had the upper hand. The moving averages acted as crucial support throughout. If buyers managed to break $2,850, the next target would've been $3,400. But yeah, anything below $2,550 would've killed the bullish momentum pretty quick. That's the kind of level you watch as a trader.

ETH1,58%
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