Ethereum (ETH/USD) Breakout from Falling Wedge – Bullish Momentum Ahead?
This 4-hour Ethereum chart shows a breakout from a falling wedge pattern, a bullish reversal formation. The price has started forming higher lows, signaling potential upside movement. The projected target is around $2,411, indicating a significant recovery.
A successful retest of the breakout level could confirm further upward momentum. Traders may consider long positions while monitoring resistance levels.
📌 Key Levels:
Support: ~$1,879
Target: ~$2,411
Resistance Zones: $2,100 - $2,200
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This 4-hour Ethereum chart shows a breakout from a falling wedge pattern, a bullish reversal formation. The price has started forming higher lows, signaling potential upside movement. The projected target is around $2,411, indicating a significant recovery.
A successful retest of the breakout level could confirm further upward momentum. Traders may consider long positions while monitoring resistance levels.
📌 Key Levels:
Support: ~$1,879
Target: ~$2,411
Resistance Zones: $2,100 - $2,200
Would you like me to refine this further? 🚀
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.