If ETH breaks above this resistance zone, the next target could be around $1,745, especially if the breakout is supported by strong volume.

Trendline Break Could Trigger a Pullback

On the other hand, if the price breaks below the ascending trend support, the next strong support level lies around $1,560. If this level also fails to hold, eyes will shift to the previous swing low.

You Might Be Interested In: Elon Musk Talks About the Name of a New Memecoin!

Should that previous low be breached, it could confirm the resumption of a bearish trend, potentially leading ETH into a broader correction phase.

Technical Outlook and Strategy

At this point, ETH is in a consolidation zone, typically followed by sharp directional breakouts. Watching the breakout direction and volume confirmation will be key to making informed trading decisions.

Traders are advised to stay cautious and consider entering positions only after a confirmed breakout with adequate volume for higher probability setups.

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.

The post Ethereum Consolidates: Which Direction Will Break First? appeared first on Coin Engineer.

Key Support at $15.5

After bouncing from the $15.5 support level — a historically significant area — the price climbed into the downward Fair Value Gap (FVG) zone. This area has previously acted as strong resistance, and once again, AVAX faced rejection here.

You Might Be Interested In: Elon Musk Talks About the Name of a New Memecoin!

The price failed to break the FVG zone, showing weakness at this critical resistance. If this rejection continues, AVAX could revisit the $15.5 support level. Holding above that line is essential to prevent further downside.

Bullish Breakout Scenario: Targeting $25–$27 Range

If AVAX manages to break through the resistance zone with strong volume, it could quickly move towards the $25–$27 range. This zone represents a key technical and psychological barrier and would likely attract attention from traders.

AVAX has broken its downtrend, which is a strong technical signal, but price action has not yet confirmed sustained bullishness. If $15.5 holds and volume increases, we could see a bullish breakout toward $25–$27. However, if support fails, further correction may follow.

Traders should remain cautious, follow key support/resistance levels closely, and prepare risk-management strategies accordingly.

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.

The post AVAX Technical Analysis: Trend Break Confirmed but No Strong Reaction Yet appeared first on Coin Engineer.