Perfect — since the move is already playing out, here’s a long-form TradingView description that reflects the breakout in progress and builds a strong narrative around it:
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Ethereum Breakout Confirmed — The Bull Run Has Begun
After months of downward pressure, Ethereum has finally broken free from its long-standing downtrend. The falling trendline that held ETH hostage since late 2024 has been decisively shattered, and price is now holding firm above the breakout zone. This isn’t just a breakout — it’s a shift in momentum.
We saw a strong bullish engulfing close above resistance, followed by healthy consolidation and a retest of the key zone around $1,740–$1,750, which now appears to be acting as solid support. That retest added weight to the breakout’s credibility — and the reaction since then has confirmed buyers are stepping back in with confidence.
Current price action is showing higher highs and higher lows, a classic structure of trend reversal. With this momentum and volume behind the move, the projected target stands tall at $11,452, giving this setup massive upside potential. The risk-to-reward ratio is excellent, and the technical picture couldn’t be clearer.
This isn’t just a short-term trade — it’s a potential multi-month macro move. If ETH maintains structure and broader market sentiment supports it, we could be witnessing the early stages of Ethereum’s next major bull cycle.
Levels to watch:
Entry Zone: $1,890–$1,900
Support: $1,744
Invalidation (SL): Below $1,740
Target: $11,452
Stay patient, manage risk, and ride the wave.
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Ethereum Breakout Confirmed — The Bull Run Has Begun
After months of downward pressure, Ethereum has finally broken free from its long-standing downtrend. The falling trendline that held ETH hostage since late 2024 has been decisively shattered, and price is now holding firm above the breakout zone. This isn’t just a breakout — it’s a shift in momentum.
We saw a strong bullish engulfing close above resistance, followed by healthy consolidation and a retest of the key zone around $1,740–$1,750, which now appears to be acting as solid support. That retest added weight to the breakout’s credibility — and the reaction since then has confirmed buyers are stepping back in with confidence.
Current price action is showing higher highs and higher lows, a classic structure of trend reversal. With this momentum and volume behind the move, the projected target stands tall at $11,452, giving this setup massive upside potential. The risk-to-reward ratio is excellent, and the technical picture couldn’t be clearer.
This isn’t just a short-term trade — it’s a potential multi-month macro move. If ETH maintains structure and broader market sentiment supports it, we could be witnessing the early stages of Ethereum’s next major bull cycle.
Levels to watch:
Entry Zone: $1,890–$1,900
Support: $1,744
Invalidation (SL): Below $1,740
Target: $11,452
Stay patient, manage risk, and ride the wave.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.