Ethereum: Weekly Cup & Handle Pattern Signals Explosive Growth! 🚀🌊

Good Morning, everyone!

$ETH is setting up for something HUGE. A Cup & Handle pattern has formed on the weekly chart, and it’s a textbook bullish signal! Let’s break it down:

1️⃣ The Cup:

This part shows Ethereum’s recovery after hitting lows around $1,000 in 2022. It’s a solid, rounded base that shows strong buying pressure.

2️⃣ The Handle:

In September 2024, Ethereum consolidated around $2,000. This pause gave the market time to rest, creating a strong support level.

💡 Why This Matters:

If $ETH breaks above $4,500, it could trigger a massive rally!

Target 1: $10,000 (146% gain)

Target 2: $15,000 (260% gain)

This pattern shows strong investor confidence and growing demand for ETH. It’s a signal that Ethereum could lead the next crypto bull run in 2025!

Trading Strategy

Buy Now: Accumulate $ETH while it’s still under $4,500.

Stop Loss: Place a stop-loss around $3,700 to manage risks.

Take Profits:

TP1: $10,000

TP2: $12,000

Ethereum is shaping up to be the star of the crypto market. Stay focused, and don’t miss this potential breakout! 🌟