📢 Ethereum Forms Rare Right-Angle Broadening Formation – What It Means for Traders 📢

Ethereum$ETH

(ETH) has just formed a right-angle broadening formation on the charts—a technical pattern that often signals high volatility ahead. This formation occurs when the price repeatedly tests a flat resistance line while making higher lows, creating an expanding shape.

Currently, ETH is consolidating near the $3,700 mark, with buyers pushing prices toward the $3,850–$3,900 resistance zone. If Ethereum breaks above this ceiling with strong volume, analysts suggest we could see a rapid move toward $4,200 and beyond. However, if bulls fail to maintain momentum, ETH might retrace toward $3,500 support before the next push.

Historically, this pattern can lead to explosive breakouts, but also sharp pullbacks if traders get trapped at the top. Volume spikes will be the key confirmation signal for the next big move.

With Ethereum’s fundamentals strong—thanks to Layer-2 adoption, DeFi growth, and staking demand—this setup could be the spark for its next rally. Still, traders should remain cautious, as the broadening pattern means price swings may get wider before a clear breakout direction emerges.

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