$ETH
🚀 Ethereum Poised for $4K Breakout – Buy Near $3,000!
Prediction: BUY
Timeframe: 3–5 days
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📈 Why Ethereum Looks Ready to Rally:
Cup & Handle Breakout: ETH recently cleared the ~$2,950 neckline after forming a textbook cup-and-handle pattern — a classic bullish continuation pattern pointing toward a $4,000–$4,200 breakout .
Strong Technical Momentum: RSI has climbed above 63, and MACD shows bullish convergence — healthy signs it’s neither overbought nor losing steam .
Record Institutional Inflows via Spot ETFs: Yesterday, spot ETH ETFs posted a record $726M inflow; overall net inflows have surpassed $8B since launch a year ago .
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🛠 Trade Setup:
🔹 Item ⚙️ Details
Entry Zone $2,950–3,000, at breakout or on dip back to neckline
Stop-Loss $2,850 (below the cup handle support)
Target 1 $4,000 (projected cup target)
Target 2 $4,200+ if momentum continues post-breakout
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🧠 Strategy Tips:
1. Scale Entry: Buy half near $2,980–$3,000; add more if it revisits $2,950.
2. Volume Confirmation: A daily close above $3,200 with strong volume validates the breakout.
3. Trail Stop-Loss: Once $3,500 is reached, move your stop to breakeven (~$2,975).
4. Watch ETF News: Further inflows or staking approvals could fuel a second rally surge.
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⚠️ Note: While the pattern and fundamentals are strong, crypto markets can be unpredictable. Ensure you manage position size and risk. DYOR before executing.