Ethereum has completed a textbook breakout from a falling wedge pattern on the daily chart, signaling a bullish trend reversal. The breakout is supported by strong price momentum and a bullish Ichimoku Cloud flip.
🔹 Technical Analysis:
✅ Falling wedge breakout confirmed
🔼 Break above cloud resistance adds bullish confidence
📈 Targeting $2,800–$3,000, based on measured move
🔄 Consolidation near $2,600 suggests healthy continuation
🔹 Fundamental Outlook:
🧠 Ethereum sentiment improving with broader crypto recovery
🔧 Anticipation around ETH ecosystem upgrades & ETF narratives
🏦 Easing Fed stance favors risk-on assets like crypto
📌 Bias: Bullish above $2,450 — watching for continuation toward the $2,800 zone.
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Note: This is not financial advice. Please conduct your own research and manage risk accordingly.
🔹 Technical Analysis:
✅ Falling wedge breakout confirmed
🔼 Break above cloud resistance adds bullish confidence
📈 Targeting $2,800–$3,000, based on measured move
🔄 Consolidation near $2,600 suggests healthy continuation
🔹 Fundamental Outlook:
🧠 Ethereum sentiment improving with broader crypto recovery
🔧 Anticipation around ETH ecosystem upgrades & ETF narratives
🏦 Easing Fed stance favors risk-on assets like crypto
📌 Bias: Bullish above $2,450 — watching for continuation toward the $2,800 zone.
Support: If you found this helpful, like and follow for more trade ideas!
Must Support Me Share My Idea With Your Firends Mention Your Feed back Comment Section
Note: This is not financial advice. Please conduct your own research and manage risk accordingly.
Trade active
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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.
For More Help
Telegram @Josh_trading
t.me/+rTQmlGBcbsk1YjI0
Our Channel
t.me/+sx2UuhofKsE4ODY0
Telegram @Josh_trading
t.me/+rTQmlGBcbsk1YjI0
Our Channel
t.me/+sx2UuhofKsE4ODY0
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.