ETHUSD Bullish Pennant on Daily Chart โ€“ Breakout Setup Forming

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๐Ÿ“Š ETHUSD Bullish Pennant โ€“ Technical Setup in Focus

Ethereum is currently consolidating within a bullish pennant pattern on the daily timeframe. This structure often appears after a strong price rally and may indicate continuation โ€” if confirmed by a breakout above the resistance zone.

Technical Summary:

๐Ÿ“Œ Structure: Bullish Pennant

๐Ÿ“ˆ Resistance: $2,550

๐Ÿ” Watching for breakout confirmation with volume

๐Ÿง  No confirmation = no trade

As always, this is not financial advice. Just sharing a potential setup based on price action and structure.

๐Ÿ’ฌ What are your thoughts on ETH here? Do you see a breakout coming

Penafian

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