Ethereum: High Handle Breakout Confirmed
Ethereum breaks out from High Handle pattern at $2641.37 with bullish 4h EMA50 at $2505.71 and MACD golden cross.
SourceAnalysis
Ethereum completed a Cup and Handle pattern featuring a High Handle formation on the daily chart and confirmed the breakout.
With ETH trading at $2641.37 and testing upper Bollinger resistance at $2690.65 while RSI(14) prints 72.93 in overbought territory, a healthy retracement toward the 50-EMA support at $2505.71 looks probable before continuation. The MACD golden cross at 46.88 and EMA200 floor at $2354.97 reinforce the structure. This development sharpens ETH price prediction models, refines crypto technical analysis, and informs Ethereum breakout analysis for institutional desks.
Trader Tardigrade
@TATrader_AlanTechnical chartist and crypto content creator focused on Bitcoin and altcoin pattern analysis.
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