ETH Symmetrical Triangle Breakout Could Ignite Rally to $3,500

14 oct.

ETH/USDT is currently attempting to break out of a symmetrical triangle on the daily chart, a pattern that typically represents a period of consolidation before a strong directional move. The price has been coiling between a horizontal resistance zone around $2,750 and a rising support trendline, building tension for a potential breakout. Currently priced at $2,628.72, Ethereum has gained over 6% today, showing signs of upward momentum. If this breakout occurs, it could confirm a continuation of the broader bullish trend, with the next target for Ethereum sitting around $3,500.

From a technical perspective, symmetrical triangles are considered neutral patterns, but the current market conditions suggest a bullish breakout is more likely. The increasing volume and positive price action leading up to the resistance level are bullish indicators. If Ethereum clears the $2,750-$2,800 range convincingly, the measured move from the height of the triangle suggests a potential upside target of $3,500. However, failure to break could lead to further consolidation within the pattern, and traders should watch for a decisive move above resistance before entering long positions. Overall, the breakout scenario presents a favorable risk-reward setup for bulls aiming for $3,500 in the short to medium term.

20 oct.

Transaction en cours

Ethereum ETH Breakout Update:

ETHUSDT has successfully moved out of the symmetric triangle pattern as we predicted, signaling a strong bullish momentum. With significant volume during the breakout, we anticipate further gains ahead.

30 oct.

Transaction en cours

ETH Strong Volume Signals New Breakout Potential!

ETHUSDT has recently experienced an unsuccessful breakout from a triangle pattern, but it has now broken out again with significant volume. This renewed momentum suggests that a big upmove may be on the horizon, with a target of $3500 still very much in play.