$ETH JUST IGNITED TEXTBOOK BREAKOUT FROM CONSOLIDATION ZONE!
$ETH /USDT surged from a major low of $1,687.99, breaking out after a prolonged consolidation phase near $1,836.17. The rally intensified with a “Bullish Beauty” structure, propelling price past $2,500 before cooling down near current resistance.
Now trading within a high compression range,$ETH bulls are defending a fresh support level suggesting a continuation move could be on the cards if strength holds.
📈 Long Trade Setup (Mid-Risk Momentum Play):
Entry Zone: $2,480 – $2,520
TP1: $2,585 (recent peak)
TP2: $2,660
TP3: $2,750
Stop-Loss: Below $2,440
Key Note:
As long as #Ethereum holds above the breakout support, the next leg higher could test $2,660 and potentially retarget $2,750 in a bullish extension.