Trader Doctor Profit said Ether has fully broken through a key resistance zone from the bear market and, for the first time since the current bear cycle began, moved back above what he calls the "golden line," the weekly EMA50. He described the move as an important technical signal for ETH. In the same post, Doctor Profit told followers to "buckle up" and said short sellers would face pressure. The remarks were reported by ChainCatcher. No additional price data or timeline beyond the cited move was provided in the source brief.
Trader Doctor Profit said Ether has fully broken through a key resistance area from the bear market and, for the first time since the current bear cycle began, climbed back above what he tracks as the "golden line," the weekly EMA50, according to ChainCatcher.
Doctor Profit called the breakout an important technical signal for ETH. He also wrote "buckle up" and said shorts would come under pressure.
This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan. Disclaimer:
The market information, project data, and third-party content displayed on this platform are for industry information sharing only and do not constitute any form of investment advice or return commitment.
Cryptocurrency trading carries high risks. Users should fully assess their risk tolerance and make independent decisions. All profits, losses, and legal responsibilities are borne by the users themselves.
