Ethereum (ETH/USD) 1-hour chart Pattern...

kelmarin

Ethereum (ETH/USD) 1-hour chart from Coinbase, with Ichimoku Cloud and a downtrend breakout drawn — here’s the clear target breakdown:

🔹 Current Price

≈ $3,965

🔹 First Target Zone

$4,280 – $4,320

This aligns with the first “Target Point” shown on my chart.

It represents the initial resistance after a confirmed breakout and retest of the cloud.

may i expect some profit-taking or short-term pullback here.


🔹 Second Target Zone

$4,550 – $4,600

This is my final target on the chart.

It marks the upper resistance and aligns with the Ichimoku cloud’s future projection and previous structure highs.



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📈 Summary:

Target Price Range Comment

🎯 Target 1 $4,280 – $4,320 Short-term target after breakout confirmation
🎯 Target 2 $4,550 – $4,600 Mid-term target if momentum continues

kelmarin

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