Ethereum Cup Handle Pattern Signals Bullish Momentum 🚀🚀
Market Overview
Ethereum broke above $2,800, confirming a bullish cup-and-handle pattern. Currently trading at $2,969.23 (+6.74%), technical indicators and institutional flows suggest continued momentum. The pattern projects potential moves toward $3,900-$4,100, supported by increasing staking participation and ETF inflows.
Key Catalysts
• Technical Pattern: Classic cup-and-handle formation with positive MACD momentum
• Institutional Backing: $295M inflows into ETH products; BlackRock's ETF showing strong retention
• On-Chain Strength: 34M+ ETH staked; futures volume outpacing Bitcoin; 172.73 buy-sell ratio
Trading Considerations
• Targets: Short-term $3,150-3,200; Medium-term $3,900-4,100
• Risks: Arthapala wallet selling pressure; ERC1967Proxy vulnerabilities; stop-loss below $2,700
• Community Sentiment: 87.36% bullish with discussions focusing on:
• Cup & Handle Breakout
• ETH Futures Surge
• Pumping Harder.