$ETH 4H Falling Wedge Breakout: Ethereum has successfully broke

ETH 4H Falling Wedge Breakout:

Ethereum has successfully broken out of a clear falling wedge pattern on the 4-hour timeframe, signaling a potential trend reversal from bearish to bullish. ✅

🔸 Support at $2,400 – $2,380:

After the breakout, ETH is holding above the wedge and this support area. This zone will be crucial for confirming the breakout's strength.

🔸 Upside Target: $2,800
If momentum continues, ETH could rally toward $2,600 first, followed by a move to the $2,800 level as shown by the projection in the chart.

🔸 Risk Level at $2,300:

If ETH dips below $2,300 and re-enters the wedge, it could invalidate the breakout setup and lead to downside pressure.

🔸 Outlook:
Watch for a retest of the breakout trendline (around $2,420) with bullish confirmation (like a strong wick or engulfing candle) to consider long positions. Target higher levels gradually while managing risk.