Ethereum (ETH) is forming a Double Bottom pattern on the 4H chart, a classic bullish reversal setup. Price is attempting to hold above the neckline and Ichimoku cloud support, indicating momentum may shift upward toward the next resistance zone.
🔹 Pattern: Double Bottom
🔹 Current Price: ~$2,533
🔹 Breakout Confirmation Level: ~$2,598
🔹 Target: ~$2,900 based on measured move
🔹 Technical Outlook: Price holding above key support and eyeing breakout
🔹 Fundamentals: Improved market sentiment, ETH ETF buzz, and network upgrade expectations support upside
Bullish scenario developing – confirmation on breakout above resistance could trigger strong momentum toward target. 📈🚀
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This is not financial advice. Please conduct your own research and manage risk accordingly.
🔹 Pattern: Double Bottom
🔹 Current Price: ~$2,533
🔹 Breakout Confirmation Level: ~$2,598
🔹 Target: ~$2,900 based on measured move
🔹 Technical Outlook: Price holding above key support and eyeing breakout
🔹 Fundamentals: Improved market sentiment, ETH ETF buzz, and network upgrade expectations support upside
Bullish scenario developing – confirmation on breakout above resistance could trigger strong momentum toward target. 📈🚀
Note :If you found this helpful, like and follow for more trade ideas!
Share My Idea With Your Firends Mention Your Feed back Comment Section
This is not financial advice. Please conduct your own research and manage risk accordingly.
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這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。