Ethereum Breakout Brewing: Higher Lows Point to $4,100

Ethereum is showing signs of a major breakout setup on the 8H chart. The historical price action reveals a well-defined horizontal range, with ETH respecting the $2,200–$2,950 demand zone multiple times.

Key highlights:

🔹 Strong Reclaim: Price reclaimed the key range low around $2,300 with momentum.
🔹 Higher Lows Forming: Each bounce from support has built more bullish structure.
🔹 Targeting Range High Breakout: ETH has launched toward ~$4,100 after each reclaim.
🔹 Current Resistance: $2,950 remains the final barrier before blue sky.

If ETH can break and hold above that zone, historical structure suggests a move toward $4,100+ is well within reach.