Ethereum / TetherUS
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#ETH: eyeing a potential breakout on the 4-hour timeframe!

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Hey everyone!

If you're enjoying this analysis, a thumbs up and follow would be greatly appreciated!

ETH is currently trading within a falling wedge pattern, which can be a bullish reversal signal. There's support around $3420-$3480, which could act as a springboard for a price increase.

Here's what we're watching:

Breakout confirmation: A clean break and close above the upper trendline of the wedge is crucial for a potential trend reversal.
Upside potential: If the breakout is confirmed, we could see a significant price increase.

Invalidation:- 4hr candle close below $3400 level.

Let me know your thoughts in the comments below!
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ETH tracking our analysis!

ETH is currently holding the support zone we previously identified around $3420-$3480 and attempting to break out of the falling wedge pattern. This pattern can be a bullish reversal signal, but a confirmed breakout is key.

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