🚀 Ethereum Breakout in Play – Eyes on the 3K Zone! 🚀
📊 Timeframe: 4-Hour (COINBASE)
ETH recently broke above a falling trendline, signaling potential bullish momentum.
Price is currently around $2,482, pulling back slightly after testing above the breakout.
The target zone is around $3,067, which aligns with the key 0.618 Fibonacci level – often a strong resistance area.
A potential long trade setup seems to be in play, aiming for this golden pocket zone.
The RSI (Relative Strength Index) is around 46, not overbought – suggesting there’s still room to move higher.
Key support levels: ~$2,370 and major zone near $1,954 (marked as 4H resistance flipped into support).
Volume and price action show signs of a healthy breakout if the structure holds.
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Stay sharp!
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