ETH Just Broke Out of the Range โ Big Move Loading! ๐๐ฅ*
๐ง *Chart Breakdown:*
This ETH/USDC 4H chart shows a classic *range breakout setup*:
- Gray box = consolidation zone (~2,800โ2,950)
- ETH *faked out* above the range (red box), then sharply *dumped below* โ liquidity grab โ
- Price has now reclaimed the bottom of the range and looks ready to push back up ๐
๐ *Key Signals:*
- *Liquidity sweep below the range* suggests sellers are exhausted
- Price rebounding strongly from the red zone = bullish recovery
- Reclaiming the range = high chance of *mean reversion* back to top
๐ฏ *Targets:*
- Short-term: 2,750โ2,800 ๐ฏ
- Mid-term: 3,100โ3,300 (top of green box) ๐ข
- Stop-loss below recent low ~2,320 for clean invalidation
๐ *Trending Signal:*
- This looks like a *spring pattern* โ trap below support followed by upside move
- If ETH holds2,400+, expect a *strong leg up* fueled by fresh momentum
๐ *Prediction:*
ETH likely flips bullish if it reclaims $2,500 convincingly. With BTC stable and risk appetite returning, ETH could lead the next alt push. ๐๐ช
๐ก *Summary:*
Fakeout below range โ rebound โ setup for *strong breakout*. ETH bulls may just be warming up.
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