Ethereum continues to demonstrate resilient strength, defying traditional technical signals like overbought divergences. As the saying goes: "If I become a demon, what can Buddha do to me? If I become Buddha, the world has no demons." In other words, when momentum is this strong, logic often takes a backseat. When the market appears irrational, it may simply be on the verge of a major move.


šŸ„ž The ā€œSecond Pancakeā€ Formation – What It Means


On the hourly chart, Ethereum is forming a rounded bottom with signs of a cup and handle pattern. As long as price holds above the handle, bullish momentum remains intact. If this structure breaks down, however, it may signal a short-term reversal — so risk management is key.



  • Critical Levels to Watch:


    • Bullish Scenario:


      • A breakout above $3808 could invite aggressive long entries.


      • A sustained move above $3812 opens the path to $3852 and potentially $3880.


    • Bearish Scenario:


      • A breakdown below $3754 may trigger short setups.


      • Below that, downside targets include $3700 and $3630 on the 4-hour chart.


šŸŽÆ Key Strategy Tip: If the cup and handle pattern fails, consider taking profits or trimming long positions. Don’t risk a full position just to chase diminishing gains — "Don’t lose a fish for the sake of soup."


šŸ” M-Top Development & Trendline Watch


For bears to gain traction, the ā€œsecond pancakeā€ needs to establish an M-top pattern. This requires:



  1. A break below the yellow trendline (visible on the hourly chart).


  2. A confirmed move below $3700.


Until then, momentum still favors the bulls, especially with potential volatility around the U.S. stock market open tonight. Watch volume closely — it’s the heartbeat of breakout confirmation.




Final Note:

These strategies are crafted manually, based on real-time observations — no AI involved. The goal is clarity and effectiveness. Patience pays off in the markets just like with cooking: good dumplings take time. šŸœšŸ“¦


— $ETH

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