ETH/USDT: Symmetrical Triangle Breakout in Progress!

Apr 26

Hi!!!

Ethereum has finally squeezed out of its consolidation phase on the 15M chart. After days of tightening price action, the Symmetrical Triangle has resolved to the upside, signaling a return of bullish momentum.

The Technical Setup:

• The Breakout: Price has decisively cleared the upper resistance of the triangle. This move marks the end of the "indecision" phase and the start of a fresh expansion.
• Market Structure: We are seeing a clean push away from the apex. The immediate price action suggests buyers are aggressively stepping in to front-run the next leg up.
• Resistance Flip: The previous supply zone around $2,335 is now acting as an immediate floor for this move.

Targets in Sight:
🎯 Target 1: $2,351 (The primary measured move of the triangle).
🎯 Target 2: $2,360

Apr 26

Trade closed: target reached

Apr 27

Note

The next target has been touched!