Ethereum Retesting Major Breakout Zone

ETHUSDT has completed a major breakout from a Broadening Wedge Pattern and is now retesting the wedge’s resistance line as support — a bullish continuation signal on the higher timeframe.

- Broadening Wedge Formation: ETH traded within a large broadening wedge throughout 2024 into early 2025, forming expanding highs and lows.

- Breakout Confirmation: The breakout above wedge resistance ($4,10) confirms bullish momentum and shifts market structure in favor of buyers.

-Retest in Progress: Price is currently pulling back, testing the former wedge resistance as fresh support — a textbook technical setup.

-Volume Validation: The breakout was accompanied by a surge in volume, strengthening the case for continuation.


🔷Entry Zone: $4,100 – $4,300

🔷Stop Loss: Below $3,500 to protect against a failed retest.

🔷Targets: $6,500 – $7,500

Cheers
Hexa