ETHEREUM - Weekly Cup & Handle Formation in Play!Good morning, Ladies and Gentleman !
Ethereum is showing a classic bullish setup 📈: the Cup & Handle pattern on the weekly timeframe. Here's the breakdown:
1️⃣ Cup Minimum: Around $1,000, forming a solid base after 2022 lows.
2️⃣ Handle Minimum: Consolidation zone around $2,000 in September 2024, providing a strong support level.
IMPORTANT
💡 If we see a strong breakout over 4500$, the pattern plays out and we could see explosive growth in 2025:
146% Gain: Possible target near $10,000 🔥
260% Gain: Longer-term potential to reach $15,000 🚀
📊 This pattern often signifies growing accumulation and bullish sentiment, making Ethereum a key asset to watch in the coming months!
What are your thoughts on this setup? Drop a comment below! 👇💬
⚠️ As always, trade responsibly and manage your risk! 💡