Bullish pennant forming on 1hr?ETH/USD appears to be forming a bullish pennant on the 1H chart following a strong impulsive run from $4,290.64 to $4,518.60. The consolidation is converging toward the apex with declining volume, consistent with continuation pattern behavior.
Breakout Projection :
Pole height : $227.96
Estimated breakout point : ~$4,622
Target : ~$4,842
Invalidation : Breakdown below the lower pennant trendline with strong volume before breakout would invalidate the bullish pennant thesis.
This is not financial advice. It is merely an observation of an optimistic apparent pattern formation. Always do your own research and assess your own risk tolerance before making any trades.
