Trend Resumes: Ethereum Breaks Consolidation, Eyes $4,050
After nearly two months of tight-range consolidation, Ethereum has broken out with momentum, signaling a potential trend reversal.
📊 Market Structure Recap
– Mid-Dec to Apr: Clear downtrend
– May to Early July: Sideways accumulation between $2800–$3000
– Now: Breakout confirmed above key resistance
🔹 Current Price: ~$2,940
🔹 Psychological Magnet: $3,000
🔹 Breakout Target: $4,050 (aligned with Fib extensions & major resistance)
Trade Setup – Long Idea
– Entry: $2,850 (retest of breakout level)
– Target: $4,050
– Stop Loss: $2,600
Technical Confluences
– Multi-week range breakout
– Retest of former resistance now acting as support
– Price holding above 200 EMA (if chart confirms)
– Increased volume validates strength (optional)
Risk Note
Stay aware of macro and geopolitical catalysts. Use strict risk management — avoid high leverage and adjust position sizing.
📈 Conclusion
Ethereum is showing signs of renewed momentum. If retest levels hold, this breakout could fuel a strong upside run, with potential spillover into Altcoin Season.
