Ethereum / TetherUS
Long
Updated

ETH’s Next Move: Is $3,600 Within Reach for This Bull Run?

Hey Realistic Traders, Is ETHUSDT About to Make New High Again? Let’s Dive In....

On the H4 timeframe, ETHUSDT rebounded above the 38.2% Fibonacci level, marking the completion of wave 4. Within this wave, a symmetrical triangle pattern formed and recently broke out above the upper trendline. This breakout was further confirmed by a bullish MACD crossover, signaling increasing momentum and strengthening the case for a continued upward move.

Based on these technical signals, I anticipate a potential upward movement toward the first target at $3,376. After reaching this level, a minor pullback is likely before the rally continues toward a new high at $3,684.

This outlook remains valid as long as the price holds above the stop-loss level at 3,008.

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Disclaimer: "Please note that this analysis is solely for educational purposes and should not be considered a recommendation to take a long or short position on Ethereum.
Trade active
Consolidation Phase Breakout usually indicates a continuation of ongoing trend
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Trade closed: target reached
Target 1 Reached, It may go to the second target if it breaks the peak of wave 3.

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Hit the second Target
We will probably see a minor correction in ETH
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