$ETH just broke out of a massive multi-year triangle pattern this is big.
The red downtrend resistance that’s been holding ETH back since its all-time high has finally been cracked.
And if this move plays out like the chart suggests, we could be looking at a target around $8,000 that’s over +135% from current levels.
Long Trade Setup
Entry: $3,600 (breakout confirmation)
Stop Loss: $2,800 (below trendline support)
Targets: $4,500 → $6,000 → $8,000
⚠️ Risk Note:
Weekly breakout looks clean, but don’t FOMO in blindly. Weekly closes matter and fakeouts can hurt. Manage risk.
Next Move:
Watch for a retest of the breakout zone (~$3,200–$3,400). If it holds as support, momentum could kick in fast. ETH above $4K could light up the whole alt market.