#cryptotradingpro
๐ Ethereum Breakout Imminent? ๐
Ethereum ($ETH ) is eyeing a major breakout after retesting the $3,850 resistance level with a 6.3% daily surge! ๐ฅ Fueled by news of a potential executive order from President Trump to allow crypto in 401(k) plans, ETH is showing strong bullish momentum. ๐ช
Analysts are buzzing:
โข Alex Clay: ETHโs correction is over, and a breakout from an 18-month descending broadening wedge is โimminent.โ ๐ช
โข Ted Pillows: ETH is โone bullish candle awayโ from breaking out, mirroring its May-June setup that led to a yearly high. ๐
โข Rekt Capital: Ethereum Dominance (ETHDOM) has surged above 12%, a level not seen since 2020, hinting at a consolidation phase before a potential 2021-style breakout. ๐
ETH is currently trading at $3,826, up 48% this month. If it breaks the $3,850-$3,900 resistance, analysts see $5,000 as a realistic target this quarter! ๐ฏ