🚀 Ethereum Eyes $9,500 as Bullish Breakout Looms
Ethereum (ETH) is charging ahead, up 20% in the last 24 hours and 45% in the past week, outpacing Bitcoin, XRP, and Solana. TradingView analyst melikatrader94 spots a rare Right-Angle Broadening Formation (RABF) on the daily chart — a powerful continuation pattern that could send ETH soaring.
The RABF shows a horizontal resistance zone near $4,200–$4,300 and a descending support line, signaling increasing buyer aggression. After bouncing from $1,470 in April 2025, ETH has surged 194% and is now testing the breakout zone.
A confirmed daily close above $4,300 with high volume could trigger a sharp rally to $6,370, with the potential to extend toward $9,500 if bullish sentiment holds. Analysts expect a brief consolidation near $5,100 before the next leg up.
Failure to maintain momentum above $4,300 could see ETH pull back to $3,700 or $3,200. Currently, ETH trades at $4,320, up 1.1% today.
