Ethereum (ETH/USD) Bullish Breakout – Eyes on $2,500+ Target💯
📈 Chart Overview:
Timeframe: 4H (Ethereum/USDT)
Trend Reversal: Ethereum has broken out of a falling wedge pattern, indicating a shift from bearish to bullish momentum.
Support Level: Around $1,800 - $1,900, where price previously found strong buying interest.
Retest Confirmation: ETH successfully retested the breakout level (~$2,020), confirming a potential bullish continuation.
Resistance Zone: The next key resistance area is around $2,250, followed by a potential move towards the $2,530 - $2,550 target zone.
📊 Trade Setup:
Bullish Bias: Price action suggests an upward move towards $2,250 and potentially $2,530.
Risk Management: A stop-loss can be set below $2,020 to minimize downside risk.
🔥 Conclusion: If Ethereum maintains momentum above the retest zone, it could see a strong rally in the coming days! 🚀