Ethereum is currently consolidating within a bullish ascending triangle on the 4H chart. The price is coiling just below the key resistance, so a breakout could ignite the next leg up.
RSI hovering near 50 shows room for momentum buildup.
Setup Analysis:
Structure: Bullish ascending triangle
Momentum: Healthy consolidation after strong rally
RSI: Mid-range, potential to climb
Key Levels:
Resistance: $2,849
Support: $2,430 | $2,243
Breakout Target: ~$3,200 and possibly $3,420 if momentum sustains
Entry (Breakout Play):
Above $2,850 on strong volume
Target Zones:
$3,200, $3,420
Longer-term: $4,050
Stop-loss:
Below $2,430 (pattern invalidated)
Watch closely — breakout confirmation could present a solid bullish opportunity.
This is not financial advice, please do your research before investing, as we are not responsible for any of your losses or profits.
Please like, share, and comment on this idea if you liked it.
#Ethereum #ETH #CryptoTrading #TechnicalAnalysis #Altcoins #Breakout #ETHUSDT #BullishSetup
RSI hovering near 50 shows room for momentum buildup.
Setup Analysis:
Structure: Bullish ascending triangle
Momentum: Healthy consolidation after strong rally
RSI: Mid-range, potential to climb
Key Levels:
Resistance: $2,849
Support: $2,430 | $2,243
Breakout Target: ~$3,200 and possibly $3,420 if momentum sustains
Entry (Breakout Play):
Above $2,850 on strong volume
Target Zones:
$3,200, $3,420
Longer-term: $4,050
Stop-loss:
Below $2,430 (pattern invalidated)
Watch closely — breakout confirmation could present a solid bullish opportunity.
This is not financial advice, please do your research before investing, as we are not responsible for any of your losses or profits.
Please like, share, and comment on this idea if you liked it.
#Ethereum #ETH #CryptoTrading #TechnicalAnalysis #Altcoins #Breakout #ETHUSDT #BullishSetup
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.