$BNB This chart shows a technical analysis of Ethereum (ETH/USD) on a 4-hour timeframe from Coinbase, indicating a bullish breakout setup. Here's a breakdown:
🧠 Key Observations:
Current Price:
ETH is trading at $2,614.34, up +0.50%.
Breakout Pattern:
A falling wedge pattern broke to the upside.
Breakout target calculated: $2,443.70 → $2,614.34 = +172.45 points (7.06%)
Support Levels:
Major support zone: $2,443.70 (green line)
Stronger historical support: $2,186.69 (blue line)
Resistance / Target Levels:
Immediate resistance & bullish target: $2,855.30 (red zone)
Previous consolidation zone between ~$2,710 and $2,855
Bullish Projection Path:
The curved black arrow suggests a projection toward $2,855, with momentum possibly accelerating if ETH stays above $2,443.70.
✅ Conclusion:
ETH has broken out of a bullish wedge.
The move above $2,443.70 could confirm further upside toward $2,855.30.
Key support to hold: $2,443.70
Watch out for profit-taking or consolidation near the $2,850–$2,855 resistance zone.
Would you like a trading plan or risk management setup for this move?