ETH/USDT (ethereum)→ toward $4300
2024-11-23

hello guys.

Key Observations:
Ascending Triangle Breakout: The chart depicts a bullish ascending triangle pattern, which has successfully broken above resistance at approximately $2,980. This is a strong continuation signal.

Fibonacci Retracement and Extensions:
Price cleared the 0.618 Fibonacci level near $2,850, confirming bullish momentum.
Key resistance levels are located at $3,895 (0.33 Fibonacci retracement) and $4,410 (0.66 Fibonacci retracement), acting as mid-to-long-term targets.

Potential Pullback Zone: The breakout retest area near $2,880 provides a potential re-entry point for buyers if the price corrects.

Target Projections:
The immediate target for the breakout is around $3,500.
Higher levels beyond $4,000 are possible with sustained momentum and increased volume.

