ETH Price Action: Ready for a Breakout?
The crypto market is showing increased volatility this week, especially with Ethereum (ETH) holding strong above the $3,500 support. My analysis suggests a breakout could be imminent if ETH closes above $3,650 in the daily chart.
Technical insight: ETH has repeatedly bounced off its trendline and is now forming a bullish flag pattern.
Key level to watch: If ETH breaches and holds above $3,650, I expect a move toward $3,800–$3,900 in the short term.
Trade setup: I’ve placed a long position from $3,660 with a stop-loss at $3,580 and target profit at $3,850.
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