📈 Ethereum Gearing Up for a Major Bullish Move!
🧠 Technical Breakdown: ETH/USD is currently forming a bullish reversal pattern with a clear neckline structure. Price action is coiling up, and a breakout above this key neckline could trigger strong bullish momentum. This setup is ideal for swing traders looking for a clean risk-reward opportunity!
After a period of consolidation and higher lows forming beneath resistance, we are now waiting for a confirmed breakout to initiate the long position.
📍 Key Technical Insights:
◾ Pattern: Inverse Head & Shoulders – bullish reversal pattern in play.
◾ Neckline Resistance: Watch for breakout above the key level.
◾ Momentum Shift: Strong buildup indicates bulls are preparing for breakout.
◾ Volume Watch: Breakout with volume = high probability move.
🎯 Trade Setup (Pending Breakout Confirmation):
🔴 Entry: After confirmed breakout above the neckline.
🛑 Stop Loss: $1,600 — below recent support to manage risk.
🟢 1st Target: $2,095 — local resistance zone.
🟢 2nd Target: $2,457 — full measured move projection.
⚠ Pro Tip: Wait for a clear candle close above the neckline before entering. Patience pays — fakeouts are common around breakout levels. Look for strong bullish candles and ideally rising volume to confirm real momentum.
🔥 Final Thoughts:
Ethereum is building a powerful base, and a neckline breakout could unlock a major bullish wave. With clean levels, defined structure, and upside targets, this is a textbook swing setup. Stay sharp, follow the plan, and manage your risk — the breakout could be explosive!
🧠 Technical Breakdown: ETH/USD is currently forming a bullish reversal pattern with a clear neckline structure. Price action is coiling up, and a breakout above this key neckline could trigger strong bullish momentum. This setup is ideal for swing traders looking for a clean risk-reward opportunity!
After a period of consolidation and higher lows forming beneath resistance, we are now waiting for a confirmed breakout to initiate the long position.
📍 Key Technical Insights:
◾ Pattern: Inverse Head & Shoulders – bullish reversal pattern in play.
◾ Neckline Resistance: Watch for breakout above the key level.
◾ Momentum Shift: Strong buildup indicates bulls are preparing for breakout.
◾ Volume Watch: Breakout with volume = high probability move.
🎯 Trade Setup (Pending Breakout Confirmation):
🔴 Entry: After confirmed breakout above the neckline.
🛑 Stop Loss: $1,600 — below recent support to manage risk.
🟢 1st Target: $2,095 — local resistance zone.
🟢 2nd Target: $2,457 — full measured move projection.
⚠ Pro Tip: Wait for a clear candle close above the neckline before entering. Patience pays — fakeouts are common around breakout levels. Look for strong bullish candles and ideally rising volume to confirm real momentum.
🔥 Final Thoughts:
Ethereum is building a powerful base, and a neckline breakout could unlock a major bullish wave. With clean levels, defined structure, and upside targets, this is a textbook swing setup. Stay sharp, follow the plan, and manage your risk — the breakout could be explosive!
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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.
Related publications
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.