ETH Forming Bullish AB=CD Pattern | Eyes on Breakout
$ETH
#Ethereum (ETH) is showing strong bullish momentum on the 4H timeframe and is currently developing a classic AB=CD harmonic pattern, which often precedes a continuation of trend.
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Key Observations:
#ETH is holding within a solid uptrend structure
No signs of bearish divergence or reversal patterns yet
Momentum remains healthy, with buyers in control
๐ What to Watch For:
We are closely watching the previous Higher High (HH) โ currently acting as a key resistance level. A 4H candle close above this level will serve as confirmation for the continuation of the bullish trend.
๐ Trading Plan:
Once ETH breaks above the resistance and confirms with a close, weโll look to enter a long position with proper risk management and stop-loss placement below recent structure.
๐ฌ Whatโs your bias on ETH in the short term? Are you already long, or waiting for the breakout too?
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#CryptoTrading #ABCDPattern #TechnicalAnalysis