$ETH This Ethereum (ETH/USD) 4-hour chart from TradingView shows a bullish breakout pattern with the following key technical insights:

🔍 Key Levels and Patterns

Breakout Zone:

ETH has broken out of a bullish pennant/flag (lower right wedge), signaling upward continuation.

Measured move projection: +172.45 points or +7.06% from breakout.

Current Price:

Trading around $2,614.34

Support Levels:

$2,443.70 – Immediate support from the breakout base (green line).

$2,186.69 – Strong lower support (blue line), potentially invalidation level if breakdown occurs.

Target Zone:

$2,855.30 – Major resistance and bullish price target, indicating further upside if momentum continues.

🧠 Interpretation

Bullish Bias: The breakout and target projection suggest a continuation of the uptrend.

Potential Long Setup:

Entry: Around current breakout level or retest of $2,443–$2,500

Target: $2,855

Stop Loss: Below $2,443 (or tighter based on risk tolerance)

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