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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🔹 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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Disclaimer
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For More Help
Telegram @Signals_98
t.me/+HZOTWoeqVoo3M2Nk
Our Channel
t.me/+HZOTWoeqVoo3M2Nk
Telegram @Signals_98
t.me/+HZOTWoeqVoo3M2Nk
Our Channel
t.me/+HZOTWoeqVoo3M2Nk
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.