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ETHUSD Double Bottom Formation SignalsBullish Reversal Potential

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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.

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