ETH Triangle Breakout + Bull Flag Setup – Is $8K Next?

CMP: $4,540

Ethereum has broken out of a long-term symmetrical triangle, retested the trendline, and is now moving higher — signaling strong bullish momentum.

🔹 Breakout Retest Done – ETH completed a clean breakout and retest of the triangle resistance.
🔹 Bull Flags – Two bullish continuation flags have formed. The second flag is on the verge of breaking out, hinting at another potential leg up.
🔹 Pattern Targets –
• Bull Flag target: $7,365+, if breakout confirms.
• Symmetrical Triangle target: $7,950, which is over 62% above current price.

🟢 Key Level to Watch: A weekly close above $4,954.16 (previous ATH) would further validate the bullish structure.

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📌 Disclaimer: This analysis is shared for educational purposes only. It is not a buy/sell recommendation. Please do your own research before making any trading decisions.