Ethereum Breaks Past Key Low on Bullish Momentum

Ethereum has resumed its bullish trend after testing last week's low at $2,340. According to price action and candlestick patterns, the current momentum is likely to continue.

The Stochastic Oscillator indicates that the market is not overbought, with a reading of 65.0 suggesting an uptrend continuation. The next bullish target for Ethereum is last week's high at $2,755.

If Ethereum falls and holds below $2,340.0, the downtrend from $2,755 may extend to $2,130.0, according to analysts.