After a strong bullish impulse, ETH is consolidating in a symmetrical triangle formation — a classic continuation pattern. Price is coiling up near the apex, with higher lows forming against a horizontal resistance line.
Setup Highlights:
Pattern: Symmetrical Triangle (1H)
Trend: Bullish continuation after breakout
Entry Zone: ~2592 USDT
Target: 2679 USDT (upper green box)
Stop Loss: Below 2561 USDT (lower red box)
Risk-Reward: Favorable R:R structure
Watching closely for a decisive breakout above the triangle resistance to confirm bullish momentum continuation.
Let me know what you think — bullish continuation or fakeout risk?
#Ethereum #ETHUSDT #CryptoTrading #TechnicalAnalysis #BreakoutSetup #TradingView
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