$ETH – Potential breakout in case of reversal!
After a long downward trend from the 0.041 area, it has now broken the downward trend line and is forming a bullish flag on the weekly time frame.
This consolidation pattern often indicates continuation - in this case, following a sharp recovery movement, which increases the likelihood of a bullish breakout.
If it breaks and closes above 0.02530 on the weekly chart, it may target the next major resistance at 0.02939. This movement would represent a significant shift in ETH's performance against BTC - and may align with indicators of an altcoin season.
Breaking and closing weekly above 0.02530 = bullish confirmation.
Breaking below 0.02350 = invalidates the triangle and retests previous support.
Watch BTC dominance closely.
If dominance drops while ETH/BTC is breaking out, ETH is likely to outperform BTC across major pairs.
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