Ethereum (ETHUSD) Daily Breakout from Accumulation Zone !

ETH/USD 1-DAY CHART ANALYSIS
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Pattern & Price Analysis:

Chart Pattern: Accumulation Breakout / Range Breakout

Structure: ETH broke out from a prolonged consolidation zone (~$2,800 resistance), confirming bullish intent.

Volume & Momentum: Likely increase in volume at breakout level (assumed from typical breakout behavior).

Ichimoku Context: Price trading above the cloud — confirms bullish bias.



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Key Technical Levels:

Entry Zone: ~$2,800 (breakout level)

Immediate Resistance / Target 1: ~$3,500

Major Resistance / Target 2: ~$4,500

Support Zone: $2,600 (below breakout level and cloud base)

Invalidation Level (Stop-Loss): Below $2,500 (loss of structure support)



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Trade Setup:

Entry: On successful breakout retest near $2,800 or fresh breakout candle close.

Stop Loss: Below $2,500 (structure invalidation and Ichimoku cloud breakdown).

Target 1: $3,500 (conservative take-profit)

Target 2: $4,500 (range projection and previous major resistance)



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Risk-Reward Outlook:

Entry: $2,800

Stop: $2,500 (Risk: $300)

Reward 1: $700 → RR ≈ 1:2.3

Reward 2: $1,700 → RR ≈ 1:5.7



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Summary:

Ethereum has broken out of a long-term accumulation range around $2,800, signaling a shift in market sentiment from neutral to bullish. The Ichimoku cloud and market structure suggest continuation higher. As long as ETH holds above $2,600–2,800, the upside remains favored. Risk is clearly defined, and the potential for a 1:5+ risk-reward ratio makes this an attractive swing setup for bulls.