🧵$ETH – Is the explosion nearing $4,000?
🚨 _The cup and handle pattern is appearing on the monthly chart for ETH!_
Current price: $3,671.56 (+4.87%)
The technical structure indicates a classic bullish setup that could trigger a historic upward wave.
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📊 Technical pattern details:
- The cup started from the peak of November 2021 at $4,800 to the bottom of April 2022 at $880
- The right side gradually completed until mid-2025
- The handle started in August 2025 with a drop of 15–20%
- Current resistance: $3,800 – $4,000
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🎯 Breakout target calculation:
- Depth of the cup = $3,920
- Breakout target = $4,000 + $3,920 = $7,920
- Nearby targets:
1 : $3,800
2 : $3,900
3 : $4,100
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🧠 Supporting momentum factors:
- Institutions like BlackRock and SharpLink Gaming are buying every dip
- Strong inflows into ETH ETF funds
- Most altcoins have reached historic peaks… Is it Ethereum's time?
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📣 _In summary?_
The cup and handle pattern does not appear often on the monthly frame… and when it does, the explosion is significant.
If $4,000 is consistently breached, we may witness a journey towards $7,920 in the coming months.
Are you ready? 👀