$ETH

This is a technical analysis chart for Ethereum (ETH/USD) on the 4-hour timeframe from Coinbase, created with TradingView. Here's a breakdown of what the chart suggests:

🔍 Chart Analysis Overview:

Current Price: Around $2,445

Key Levels:

Support Zone: Around $2,186.69

Current Local Support: $2,443.70

Resistance Target Zone: $2,855.30 (upper target)

📈 Technical Patterns & Predictions:

Falling Wedge Breakout:

A falling wedge pattern has formed and broken to the upside, which is generally bullish.

Suggests a potential upward move is in play.

Bullish Flag/Channel Breakout:

Price broke out from a bullish continuation pattern, indicating buyers are gaining momentum.

Target Projection:

The chart projects a price increase from the current level toward $2,855, assuming the breakout holds and volume supports it.

Invalidation/Downside Risk:

If ETH fails to hold $2,443.70, next major support lies near $2,186.69.

🧠 Interpretation:

Bullish Scenario:

Hold above $2,443.70 → possible rally toward $2,855.

Bearish Scenario:

Drop below $2,443 and failure to reclaim quickly could drag ETH to retest $2,186 support.

Would you like a trade idea or risk/reward calculation based on this setup?