$ETH is breaking out and this one matters
After months of compression inside a descending wedge, Ethereum is now showing real intent to shift the macro structure.
✅ Descending trendline (multi-month) just got breached
✅ Breakout candle closed near $3,850 - first clean attempt in a while
✅ Structure holding strong above $3,324 (previous resistance turned support)
✅ Uptrend from $1,867 remains intact, showing higher lows over time
If $ETH holds above this breakout zone, the next target sits around $4,857 - a critical HTF resistance and liquidity pocket
A successful breakout here could rotate capital back into majors and kickstart broader market participation
Breakout season might just be back