Ethereum Breaks Out of Falling Wedge | Eyes on $2,800+

13 May

Ethereum has completed a textbook breakout from a falling wedge pattern on the daily chart, signaling a bullish trend reversal. The breakout is supported by strong price momentum and a bullish Ichimoku Cloud flip.

🔹 Technical Analysis:

✅ Falling wedge breakout confirmed

🔼 Break above cloud resistance adds bullish confidence

📈 Targeting $2,800–$3,000, based on measured move

🔄 Consolidation near $2,600 suggests healthy continuation

🔹 Fundamental Outlook:

🧠 Ethereum sentiment improving with broader crypto recovery

🔧 Anticipation around ETH ecosystem upgrades & ETF narratives

🏦 Easing Fed stance favors risk-on assets like crypto

📌 Bias: Bullish above $2,450 — watching for continuation toward the $2,800 zone.
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Note: This is not financial advice. Please conduct your own research and manage risk accordingly.

13 May

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