💥 $ETH /USDT – Bullish Breakout from Falling Wedge! 🔥
Current Price: $2,563.09 (+0.16%)
$ETH has broken out of a classic falling wedge pattern after holding the $2,525–$2,530 support zone. Price is now pushing above wedge resistance with strong bullish candles — a clear sign of momentum shifting back to the bulls. This breakout setup signals a potential short-term rally.
📊 Trade Setup:
• Entry Zone: $2,559– $2,564 (current area)
• 🎯 TP1: $2,575
• 🎯 TP2: $2,590
• Stop Loss: $2,538.56 (below wedge base + support)
⚡ Technical View:
The breakout is backed by increasing volume and clean structure on the 15m and 1H charts. Wedge resistance has flipped into support — ideal for continuation.
🛡 Risk Note:
SL below $2,538.56 protects against fakeouts. Stay disciplined if wedge breakout fails to hold.
🔄 Strategy Breakdown:
This is a pattern breakout play from a falling wedge — typically a strong bullish signal. Ideal for quick scalps or short swings as ETH regains momentum above structure.
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