Ethereum has completed one of the cleanest continuation setups of the cycle. The technicals, volume profile, and macro flows all point to a sustained advance toward the $6,000–$6,200 range.
Here’s the breakdown
Targets
→ Bull-flag breakout: Post-impulse consolidation resolved higher. Measured move = ~$6,000.
→ Elliott Wave & Fibonacci: 200% log / 300% linear extensions cluster at $6,140–$6,200 — strong confluence zone.
Breakout Confirmation
→ Inverse head & shoulders confirmed on higher timeframes.
→ Neckline at $2,850 was retested and held — the structural pivot for this cycle.
→ Sustaining above $2,800–$2,850 keeps the breakout valid and continuation scenario active.
Momentum Context
→ $4,000 was the primary resistance cap — now cleared on above-average volume
→ Holding $4K as support opens extension paths to $6K–$7K; extended wave targets point toward $11K if macro tailwinds persist
Key Support & Risk Levels
→ Primary invalidation:
$2,850. A decisive break below would negate the structure and invite a deeper retracement into $1,400–$1,800
→ Momentum check:
$4,000 must hold as new support. A failure here would neutralize the short-term bullish bias.
Trade Framework
Bullish case (active):
→ Above $2,850 and $4,000
→ Structure intact with breakout volume confirmation
→ Target range: $6,000–$6,200 (confluence zone)
→ Extended cycle target: $11K+
Bearish invalidation:
→ Loss of $2,850 (full structure breakdown)
→ Re-entry into the bull-flag range with momentum divergence
Ethereum is in a textbook continuation phase with aligned pattern, volume, and extension targets.
As long as $4K and $2.85K remain intact, probability favors a direct move into the $6,000–$6,200 range, with scope for higher extensions if macro momentum holds.
The setup is one of the highest-conviction structures on the board right now
LFG🔥
BUT DYOR