$ETH to $6.45k USD - 2024's Crescendo

ETH is showing strong signs of an impending breakout to the 6.4k–8k range, backed by two key technical indicators:

• Cup & Handle Formation: ETH has recently broken out of a textbook cup and handle pattern, confirming the breakout with a solid retest over this past week of VOL. This is a classic bullish signal pointing to higher targets.
  
• Bull Pennant: Since the 2021 rally, ETH has been consolidating within a massive bull pennant. This long-term structure suggests Ethereum is coiled and ready for a significant move upward.
  
• 1.618 Fib: Also layering in a Fibonacci retrace, if ETH is indeed heading for ATHs and price discovery, the 1.618 FIB is a common level that traders are very familiar with. It just so happens to be right in the middle of our target box at ~7k!

Momentum is building— we will need to keep an eye on volume and follow-through for confirmation.

To boot, bearish sentiment for ETH is near all time highs. I think it might be time for a most-hated rally. I have a short term allocation in ETHT to ride this momentum, NFA DYOR