Ethereum (ETHUSD) Technical Outlook

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Ethereum (ETHUSD) Technical OutlookEthereum / U.S. dollarBITSTAMP:ETHUSDRichtv_officialEthereum remains in a critical yet bullish consolidation phase, trading sideways near all-time highs. This kind of price action often precedes major breakouts, especially with macro tailwinds building β€” the Fed is expected to cut rates this week, adding liquidity to the market. πŸ” Technical Setup ETH is currently attempting a breakout from a symmetrical triangle β€” a bullish continuation pattern in trending markets. βœ… Uptrend confirmed by: Higher highs Higher lows Strong support structure 🎯 Key Levels to Watch Immediate target zone: $5,700 – $5,800 Macro rally potential: $7,000 – $8,000 Crucial support: $4,000 – $4,200 As long as ETH holds above $4,000, there’s no technical reason to be bearish.