$ETH Current Price: $1,659.75
Breakout Level: $1,669.59 (24h high)
Setup:
$ETH recently surged from around $1,546 to $1,669 in a sharp vertical move. It’s now consolidating just below the high, forming a classic bull flag or pennant pattern.
Entry Trigger:
Look for a 1-hour candle to close above $1,669.59 with strong volume to confirm a potential breakout continuation.
Upside Targets:
$1,690
$1,720
$1,750 (key psychological level + potential short squeeze area)
Invalidation:
A break below $1,647 with follow-through could signal a deeper pullback toward the $1,620–$1,590 range.
Momentum Signal:
The strong breakout candle with little to no wick indicates aggressive buying. A reclaim of that level could ignite further momentum.
