$ETH Ethereum’s chart is showing something exciting — a Right-Angle Broadening Formation (RABF), a bullish continuation pattern that often signals a major breakout ahead.
📊 Pattern Snapshot:
Resistance: $4,200 – $4,300 (Flat Top)
Support: $3,700, then $3,200
Lower Trendline: Rising, showing higher lows and strong buyer pressure.
What This Means:
The RABF suggests aggressive buying interest, with ETH repeatedly knocking at the same resistance ceiling. Each pullback is shallower than the last, creating upward pressure.
💥 Price Targets:
Height: $2,070
Breakout Point: $4,300
First Target: $6,370
Extended Bullish Target: $8,500 (if momentum continues)
Bullish Setup:
If Ethereum manages a strong daily close above $4,300 with volume, we could see a rapid rally toward $6,370, pausing briefly around $5,100 before potentially pushing into the $8,500 zone.
Why It Matters for Traders:
This is the kind of structure that savvy investors watch closely.
Breakouts from flat tops with rising bases often trigger FOMO-driven surges.
The risk-reward ratio here is beautiful for swing and position traders.
⚡ Final Thoughts:
Ethereum is coiling up for what could be its biggest move of the year. With macro sentiment improving and on-chain data showing accumulation, the technicals align with a bullish bias.
📌 Key Takeaway: Watch $4,300 like a hawk. A breakout could change the game.
