Perfect — since the move is already playing out, here’s a long-form TradingView description that reflects the breakout in progress and builds a strong narrative around it:
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Ethereum Breakout Confirmed — The Bull Run Has Begun
After months of downward pressure, Ethereum has finally broken free from its long-standing downtrend. The falling trendline that held ETH hostage since late 2024 has been decisively shattered, and price is now holding firm above the breakout zone. This isn’t just a breakout — it’s a shift in momentum.
We saw a strong bullish engulfing close above resistance, followed by healthy consolidation and a retest of the key zone around $1,740–$1,750, which now appears to be acting as solid support. That retest added weight to the breakout’s credibility — and the reaction since then has confirmed buyers are stepping back in with confidence.
Current price action is showing higher highs and higher lows, a classic structure of trend reversal. With this momentum and volume behind the move, the projected target stands tall at $11,452, giving this setup massive upside potential. The risk-to-reward ratio is excellent, and the technical picture couldn’t be clearer.
This isn’t just a short-term trade — it’s a potential multi-month macro move. If ETH maintains structure and broader market sentiment supports it, we could be witnessing the early stages of Ethereum’s next major bull cycle.
Levels to watch:
Entry Zone: $1,890–$1,900
Support: $1,744
Invalidation (SL): Below $1,740
Target: $11,452
Stay patient, manage risk, and ride the wave.
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Ethereum Breakout Confirmed — The Bull Run Has Begun
After months of downward pressure, Ethereum has finally broken free from its long-standing downtrend. The falling trendline that held ETH hostage since late 2024 has been decisively shattered, and price is now holding firm above the breakout zone. This isn’t just a breakout — it’s a shift in momentum.
We saw a strong bullish engulfing close above resistance, followed by healthy consolidation and a retest of the key zone around $1,740–$1,750, which now appears to be acting as solid support. That retest added weight to the breakout’s credibility — and the reaction since then has confirmed buyers are stepping back in with confidence.
Current price action is showing higher highs and higher lows, a classic structure of trend reversal. With this momentum and volume behind the move, the projected target stands tall at $11,452, giving this setup massive upside potential. The risk-to-reward ratio is excellent, and the technical picture couldn’t be clearer.
This isn’t just a short-term trade — it’s a potential multi-month macro move. If ETH maintains structure and broader market sentiment supports it, we could be witnessing the early stages of Ethereum’s next major bull cycle.
Levels to watch:
Entry Zone: $1,890–$1,900
Support: $1,744
Invalidation (SL): Below $1,740
Target: $11,452
Stay patient, manage risk, and ride the wave.
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