🚀 Ethereum (ETH/USD) Poised for a Breakout: Cup and Handle Pattern in Play 🎯🔥

Ethereum ($ETH ) is currently forming one of the most bullish technical patterns — the Cup and Handle — on the shorter timeframes. This pattern has a strong track record of predicting upward price movement, and Ethereum looks ready to make its next big move.

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☕ What’s the Cup & Handle Pattern?

🔹 The Cup (Rounded Bottom):

A smooth, U-shaped recovery formed after recent selling pressure. This signals strong accumulation and a shift in momentum from bearish to bullish.

🔹 The Handle (Brief Pullback):

A short-term, downward-sloping channel has followed the cup. This is typical — a brief consolidation where bulls regain strength before the next push.

🔹 The Breakout:

All eyes are now on the breakout above the handle's resistance. A clear breakout confirms the pattern and often sparks a strong rally.

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🎯 Bullish Target Zones

The potential price target is generally estimated by measuring the depth of the cup and projecting that from the breakout point. If the breakout is successful, $ETH could see a strong leg up — with bulls aiming for key resistance levels ahead.

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📌 Watch Closely: A confirmed breakout could offer a prime entry for traders watching this setup. Stay alert!