In my (tradingview.com/chart/ETHUSD/rLaq77BF-Ethereum-Falling-Wedge-Double-Bottom-and-MACD-Divergence-Align/) I outlined a classic double bottom with bullish divergence on the daily chart —
Ethereum followed the structure precisely and triggered a clean breakout.
✅ Now What?
The first impulse is already behind us.
Historically, after a double bottom breakout, price often enters a bullish continuation phase — most commonly forming a rising flag.
🟩 The flagpole (impulse) is already in place
🔄 Next: accumulation inside a potential range of $2,100–$2,700
This range could play out through late May into early summer — forming the base for a new leg higher.
🧠 Macro Catalysts:
If labor data and inflation slow down, the Fed may cut rates as early as Q3 —
which could act as a spark for renewed momentum.
And beyond price:
Ethereum is the most actively used blockchain — by dApps, DeFi, and daily transaction load.
The demand is real, and it’s growing.
🎯 Price Path:
- Consolidation between $2,100–$2,700 = healthy
- Breakout above $2,800 = measured move toward $4000-6000
As long as the range holds and volume builds — the roadmap remains valid.
📊 Are you tracking this flag too?
Drop your scenario in the comments — let’s compare setups and levels.
Ethereum followed the structure precisely and triggered a clean breakout.
✅ Now What?
The first impulse is already behind us.
Historically, after a double bottom breakout, price often enters a bullish continuation phase — most commonly forming a rising flag.
🟩 The flagpole (impulse) is already in place
🔄 Next: accumulation inside a potential range of $2,100–$2,700
This range could play out through late May into early summer — forming the base for a new leg higher.
🧠 Macro Catalysts:
If labor data and inflation slow down, the Fed may cut rates as early as Q3 —
which could act as a spark for renewed momentum.
And beyond price:
Ethereum is the most actively used blockchain — by dApps, DeFi, and daily transaction load.
The demand is real, and it’s growing.
🎯 Price Path:
- Consolidation between $2,100–$2,700 = healthy
- Breakout above $2,800 = measured move toward $4000-6000
As long as the range holds and volume builds — the roadmap remains valid.
📊 Are you tracking this flag too?
Drop your scenario in the comments — let’s compare setups and levels.
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.