$ETH

$ETH


Updated analysis – ETH/USDT (4H)

Current price: $1,625.66
Key change: ETH broke upwards from the symmetrical triangle it was forming, invalidating the previous bearish expectation. This breakout is potentially bullish, especially if it remains above $1,620.

The price did not fall and ended up consolidating and forming a technical pattern.

1. Technical pattern

Bullish breakout of the symmetrical triangle is confirmed, which generally implies continuation upwards.

The previous consolidation led to accumulation; this breakout could be the start of a broader movement.

2. Key zones

Immediate resistance: $1,675 - $1,700 (upper zone of the marked range)

Key support now: $1,600 - $1,610 (breakout zone of the triangle)

Pattern target (projection by height of the triangle): Approximately $1,700 - $1,725

3. EMA and Momentum

Although EMAs are not shown in this chart, with the price surpassing $1,620 and with a strong green candle, there is buying momentum. It would be important to confirm with volume.

Short-term projection

Most likely scenario: Bullish continuation towards $1,675 - $1,700
Risk: False breakout if the price falls back below $1,600

Entry strategy – Trading plan

Option 1: Conservative entry (after confirmation)

Entry: $1,630 (on a slight retracement to the breakout level)

Stop Loss: $1,595

Take Profits:

TP1: $1,675

TP2: $1,700

TP3: $1,725 (pattern extension)

Option 2: Aggressive entry (already in)

If you are already in from $1,620-$1,625, hold the position with a stop below $1,600.

You can use a trailing stop if the price strongly surpasses $1,675.