🌀 Ethereum $ETH
— pattern of a breakout before a new growth cycle! 💥
ETH after a rapid rise in July formed a "flag" pattern on H4/D1 — a classic consolidation phase before trend continuation. The price is held in a narrow range of $3,600–$3,750, where positions are being accumulated.
📍 Key levels:
Support: $3,600 — area of interest for major players
Resistance: $3,800 — a breakout will open the way to $4,100+
📊 Volumes are consistently high, whale activity remains. The ETF fund continues to pull liquidity from the market, reducing the supply of ETH available.
💡 Scenario: upon a breakout upwards — targets $4,100 / $4,400. On a false breakout downwards — a possible retest of $3,450.
🚀 ETH is preparing for a shot — let's watch for the breakout from the pattern. A breakout with volume = strong signal!
#Ethereum #ETH #ETHBreaks3700 #BTCvsETH
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