CMP: $4,540
Ethereum has broken out of a long-term symmetrical triangle, retested the trendline, and is now moving higher — signaling strong bullish momentum.
🔹 Breakout Retest Done – ETH completed a clean breakout and retest of the triangle resistance.
🔹 Bull Flags – Two bullish continuation flags have formed. The second flag is on the verge of breaking out, hinting at another potential leg up.
🔹 Pattern Targets –
• Bull Flag target: $7,365+, if breakout confirms.
• Symmetrical Triangle target: $7,950, which is over 62% above current price.
🟢 Key Level to Watch: A weekly close above $4,954.16 (previous ATH) would further validate the bullish structure.
#ETH | #Ethereum | #Crypto | #Breakout | #ChartPatterns | #SymmetricalTriangle | #BullFlag | #PriceAction
📌 Disclaimer: This analysis is shared for educational purposes only. It is not a buy/sell recommendation. Please do your own research before making any trading decisions.
Ethereum has broken out of a long-term symmetrical triangle, retested the trendline, and is now moving higher — signaling strong bullish momentum.
🔹 Breakout Retest Done – ETH completed a clean breakout and retest of the triangle resistance.
🔹 Bull Flags – Two bullish continuation flags have formed. The second flag is on the verge of breaking out, hinting at another potential leg up.
🔹 Pattern Targets –
• Bull Flag target: $7,365+, if breakout confirms.
• Symmetrical Triangle target: $7,950, which is over 62% above current price.
🟢 Key Level to Watch: A weekly close above $4,954.16 (previous ATH) would further validate the bullish structure.
#ETH | #Ethereum | #Crypto | #Breakout | #ChartPatterns | #SymmetricalTriangle | #BullFlag | #PriceAction
📌 Disclaimer: This analysis is shared for educational purposes only. It is not a buy/sell recommendation. Please do your own research before making any trading decisions.
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