🚨 If you’re serious about #Ethereum, this chart is a must-read. 🚨

#Ethereum Coiled for Breakout: Bullish Pennant Nearing Decision Point.

Quick breakdown:👇🏻

Key observations:

• $ETH is consolidating within a multi-year bullish pennant pattern that began in 2021.

• Price continues to respect both ascending support and descending resistance trendlines.

• This week's price action shows a 16% percent gain, indicating potential breakout momentum.

• A confirmed weekly close above $3,600 to $3,800 would validate a breakout scenario.

• If confirmed, the pattern projects an upside target in the $6,000 to $6,800 range.

• While rejection at resistance is possible.
overall accumulation structure remains intact.

•Macro trend remains bullish, supported by institutional flows such as BlackRock’s recent 499 million dollar $ETH purchase.

• Currently monitoring for a breakout confirmation or potential retest of the trendline support.

This is not a Financial advice. Always DYOR.