Is ETH Getting Ready to Break Out?
A classic Cup and Handle pattern is developing on the ETH/USD daily chart — a powerful bullish setup that often precedes strong upward moves.
ETH is now entering a critical resistance zone between $2,720 and $2,900. If the handle completes and we see a confirmed breakout above this zone, the next major target could lie around $4,000.
Here’s what’s setting the stage:
• ETH is trading above both the EMA 50 and EMA 150, signaling positive momentum.
• Price is testing a key resistance level that previously held back rallies.
• The pattern points to a potential bullish continuation.
If volume confirms the breakout, this could mark the beginning of a major rally.
What do you think?
Is ETH about to break out and head toward $4,000?
Yes – the bulls are back ✅
No– not ready 🤔
1 day(s) left