Symplegades Part II – Ethereum at the Threshold of Breakout or B⚔️🌉 Symplegades Part II – Ethereum at the Threshold of Breakout or Breakdown 💥🧭
In the previous post, we explored Ethereum’s mythical challenge — the Symplegades, or Clashing Rocks. That post resonated, and now… here comes Part II.
ETH is once again caught in a narrowing passage, this time defined by:
📌 $2,805 – $2,911 resistance overhead
📌 $2,616 – $2,565 support just below
💡 Pectra could be the fuel to break out — or just another wave that crashes on the rocks. The chart shows the potential for both:
➡️ A clean breakout could spark a move to “Destination 1” (~$4.8K)
⚠️ A rejection here might drag us back under $2.6K, even toward $2.1K and $1.8K zones
The Pectra breakout box is clear. But the market won’t hand it to us easily. It rarely does.
🧠 With Vitalik still “asleep,” it’s a tight spot. But if this move gathers momentum? We could be at the very start of Ethereum’s next wave.
📽️ The full video posted earlier today dives into this thesis and why macro + micro signals are conflicting but critical.
📊 Stay tuned — Bitcoin post is up next.
One Love,
The FXPROFESSOR 💙
Disclosure: I am happy to be part of the Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. Awesome broker, where the trader really comes first! 🌟🤝📈
ETHUSD trade ideas
Ethereum Breakout Unleashed: Major Upside Targets in Sight The ETH/USD 2-hour chart reveals a classic ascending triangle formation, which has now been decisively broken to the upside. After consolidating within a tightening range for several sessions, Ethereum has surged past the horizontal resistance level, supported by Ichimoku cloud structure and rising trendline support. The breakout candle is strong, indicating bullish momentum and potential for further upward movement. The breakout aligns with increasing volume and market confidence. This technical setup suggests a possible rally continuation toward higher resistance zones marked above. The structure remains bullish as long as price holds above the breakout zone with minimal retracement.
Entry: 2,570
1st Target: 2660
2nd Target: 2,850
Moonboi? 👦 You have to be a LUNA-tic ''Oh Professor you are a Moonboi, you only post Long positions.''
Well Thank God everything I post (and everything you post) stays here for EVER:
Show me just ONE author with Short ideas on Luna from 110$ to 5$ (i had around 9 posts proposing shorts, needless to say you can check everything here:
and here and here
Ethereum Short positions from close to 5,000$ here:
Dip on Ethereum bough here:
I am not going to go deeper into this, there is no need, you can check how many short positions i gave on Ape from 20$ and other projects.
In a few words:
- I post what i see (and what i trade)
- In the past month I have been Bullish and switched some shorts to longs (Ethereum for example)
- I always hedge even my posts: some Long some Short
- You do your own research, what we post here is just our ideas
- Try to post something too, it's the best way to make Tradingview better! Would be happy to give you my 5 cents of advise on any chart
And yes, remember to hedge but also remember to pick a side and stick with it... like right now: I have been LONG since this:
PS. all the Gurus/experts on Twitter: post some Tradingview ideas sometime..best feature of Tradingview is that EVERYTHING stays documented.
Twitter? OMG! It's a different story! I feel SO sorry for people looking at Twitter and Youtube and expecting to get nothing more than MOSTLY BULLCRAP!
One Love,
The FXPROFESSOR
ETHEREUM ahead of the most critical break-out of the Cycle.Ethereum (ETHUSD) is on the cusp of a major bullish break-out as this week it is already trading above its 1W MA50 (blue trend-line). If it manages to close the 1W candle above it, it will be the first time since January 06 2025 to do so.
This whole price action remains inside a massive Megaphone pattern and resembles the same structure ETH had during June 24 2019 - July 20 2020. Both patterns had a final decline of around -67% with the 2020 structure eventually starting a (green) Channel Up that broke above the Megaphone and made a first Top on the 1.382 Fibonacci extension.
As a result, if the break-out does happen this time around also, we expect the emerging Channel Up to target at least $6300 (Fib 1.382 ext).
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👇 👇 👇 👇 👇 👇
ETH Not Taking Profits Yet – System Still Long
ETH on the 4H is pausing right at the 3D 200MA, picture perfect, actually.
Now we wait to see if this resistance flips into support.
If that happens, price could go for the 0.382 Fib level around $3,040.
Of course, that’s the ideal scenario, but the market could easily contradict me, so keep that in mind.
Personally, it’s not time to take profits yet.
Both my 4H and 1D systems are still in long positions.
For extra safety, you could set a partial take-profit just under the second-to-last PSAR dot.
Always take profits and manage risk.
Interaction is welcome.
ETH Decision Zone: Breakout or Bull Trap?Ethereum (ETHUSD) just broke out of a tight symmetrical triangle on the 1H chart — but price is now stalling near the previous high, signaling a critical decision point.
📊 Key Technical Notes:
🔹 Triangle Breakout: Clean push above downtrend resistance, but no candle close above key high.
🔹 Previous High Acting as Resistance: Bulls need continuation to validate this move.
🔹 Two Scenarios in Play:
1️⃣ Bullish Continuation:
→ ETH breaks and holds above ~$2,865
→ Next resistance levels sit at $3,000+
2️⃣ Bearish Rejection / Fakeout:
→ Rejection from highs
→ Retest of triangle → Failure = drop toward previous low near $2,150
🎯 Risk-Reward Defined — both long and short setups are clearly outlined.
ETHUSD h4 next move downThe resistance at 1.36554 may be weak due to:
Multiple taps already
Reduced seller interest
A breakout above this zone could trigger short covering → sharp rally
✅ 2. Higher Low Structure
Recent low at 1.35475 held strong
Current consolidation appears like a bullish flag or accumulation range
Could indicate continuation, not rejection
✅ 3. Fakeout Reversal Setup
If price dips into the support at 1.35475 again, it might:
Trap breakout traders
Reverse and form a new impulse leg upward
Target = 1.3700–1.3750 zone
$ETH clear for an impulsive move to $3600?CRYPTOCAP:ETH has slowly but surely cleared resistance, with just the swing high to tackle which will activate another trade signal in my Trade Signals Substack.
Major support High Volume Node, daily pivot and daily 200 EMA proved tough support and demand continues to come in.
ETFs had an astonishing amount of inflows yesterday at $200M+
Analysis is invalidated below $2100
Safe trading
Heading into pullback resistance?Ethereum (ETH/USD) is rising towards the pivot, which has been identified as a pullback resistance and could reverse to the 1st support which acts as a pullback support.
Pivot: 2,821.56
1st Support: 2,627.96
1st Resistance: 2,896.66
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Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
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Ethereum Breakout Brewing: Higher Lows Point to $4,100Ethereum is showing signs of a major breakout setup on the 8H chart. The historical price action reveals a well-defined horizontal range, with ETH respecting the $2,200–$2,950 demand zone multiple times.
Key highlights:
🔹 Strong Reclaim: Price reclaimed the key range low around $2,300 with momentum.
🔹 Higher Lows Forming: Each bounce from support has built more bullish structure.
🔹 Targeting Range High Breakout: ETH has launched toward ~$4,100 after each reclaim.
🔹 Current Resistance: $2,950 remains the final barrier before blue sky.
If ETH can break and hold above that zone, historical structure suggests a move toward $4,100+ is well within reach.
ETH Just Reached the Floor — This Is the Starting Line.This isn’t hopium, it’s structure.
Using my custom 4 EMA setup, you can see how ETH spent weeks coiling around the thickest dark purple line which I treat as the macro floor. ETH dropped below it briefly, retested it, and now we’re reclaiming that level again.
Whenever these EMAs start to compress and flatten, we usually get sideways chop, pressure build, breakout.
Zoom out and you’ll notice:
• We’re not extended.
• We’re not overbought.
• We’re not in price discovery.
We’re just getting back to the floor after compression.
If this is the top, it’s doing a great job pretending it’s still early.
Ethereum Faces the 'Symplegades'– Will Pectra Propel It Through?Ethereum Faces the 'Symplegades' – Will Pectra Propel It Through?
⚔️🪨 Ethereum Faces the 'Symplegades' – Will Pectra Propel It Through? 🪨⚔️
In ancient Greek myth, the Symplegades — Clashing Rocks — tested Jason and the Argonauts with a narrow, deadly passage. Today, Ethereum faces its own mythic trial as price action presses into a critical zone.
📍 The $2,805–$2,848 resistance zone is acting like the Clashing Rocks — volatile, dangerous, and decisive. Beneath it, support rests near $2,616 and $2,565 . A breakout from this trap can open the way to $3,200+ , but rejection may mean another violent plunge. ⚠️
🔧 Enter: PECTRA – Ethereum’s Game-Changing Upgrade
Ethereum’s most ambitious upgrade since The Merge is nearly here. PECTRA isn’t just a backend update — it redefines how the network feels and functions:
🧠 Smarter Wallets
– Batch transactions
– Skip approval popups
– Pay gas in any token
⚡ Frictionless UX
– Fewer clicks
– No more endless “approve + confirm” loops
📉 Cheaper Transactions
– More blobs = better L2 scaling
– Lower fees, even during congestion
🌱 Staking Overhaul
– Validator cap raised to 2048 ETH
– Smart contract withdrawals
– Faster deposit recognition
🔓 Unlocking $490B in trapped value
– Assets become more accessible and usable
“The Merge changed how Ethereum works.
Pectra changes how it feels. ” – @ethereum
⛵ Will ETH Break Through the Clashing Rocks?
This is not just another consolidation box.
It’s a moment of mythic symmetry — where price action, fundamentals, and network transformation converge.
Sail through the Symplegades... or get crushed between them?
Stay sharp. Watch the breakout. The next move will be defining.
One Love,
The FXPROFESSOR 💙
Ethereum / U.S. Dollar 4-Hour Chart (BINANCE)4-hour candlestick chart displays the price movement of Ethereum (ETH) against the U.S. Dollar (USD) on the BINANCE exchange. The current price is $2,740.99, reflecting a +$124.74 increase (+4.77%) in the last period. The chart includes a buy/sell indicator with no current activity (0.00), a resistance zone highlighted in pink, and a support zone in light green. The price has recently surged, breaking through the $2,740.99 level, with additional price points ranging from $2,400.00 to $2,949.06 shown on the right axis. The time frame spans from late June to July 10, 2025.
Is ETH Heading to $2800? Strategic Entry in Bullish TrendHi traders! , Analyzing ETH/USD on the 2H timeframe, price is respecting an ascending trendline and showing signs of continuation within the bullish structure:
🔹 Entry: 2555
🔹 Take Profit : 2831
🔹 Stop Loss : 2234
After consolidating above key support and retesting the ascending trendline, ETH is showing potential for a bullish continuation. The recent bounce is forming higher lows, and price remains above the 50 EMA, suggesting buyers are maintaining control.
RSI is currently turning upward from the mid-zone, signaling growing bullish momentum while still avoiding overbought conditions. The trendline has been respected several times, adding confluence to the setup.
If momentum holds, the TP around 2831 lines up with a significant resistance area from previous structure — a logical zone for price to reach in the short term.
⚠️ DISCLAIMER: This is not financial advice. Every trader is responsible for managing their own risk and strategy.
MeghaHorn or BowTie Pattern !!!Key Observations:
Pattern Formation:
A broadening wedge or megaphone pattern (also likened to a bow tie) is forming.
Price is oscillating between expanding trend lines.
Labeled waves: 1, 2, 3, 4, 5 within the pattern.
Critical Zones:
Buy Above: $2,815.98 (upper boundary of the wedge).
Sell Below: $2,258.03 (lower boundary of the wedge).
No Trading Zone: Between $2,258 – $2,815 (uncertainty/consolidation area).
Price Target:
If price breaks below, Target 1 is indicated around $1,800 or below (implied from structure).
Current Price:
Trading at $2,748.56, up +5.05%, within the “No Trading Zone”.
Summary:
The chart suggests waiting for a breakout or breakdown from the wedge pattern to determine the next move. A breakout above $2,815 could signal a buy opportunity, while a breakdown below $2,258 could trigger a sell with a potential target near $1,800.
Ask ChatGPT
Etherium is forming MeghahorneKey Elements in the Chart:
Wave Count (Possibly 1,2,3,4,5):
The chart shows a potential Elliott Wave formation inside a "Megaphone" (broadening wedge) pattern.
The current wave appears to be completing Wave 4, heading toward Wave 5.
Buy Zone and No Trading Zone:
A "Buy Above" level is marked just above $2,763, indicating a bullish breakout confirmation.
A "No Trading Zone" is identified between ~$2,378 and ~$2,763, suggesting uncertainty or consolidation.
Downside Targets (If bearish breakout occurs):
Target 1: Around ~$1,900.
Target 2: Much lower, near ~$1,000.
Indicators:
Bollinger Bands are applied, suggesting increased volatility within the megaphone pattern.
Ethereum (ETH) to U.S. Dollar (USD) 4-Hour Chart - Binance4-hour candlestick chart from Binance displays the price movement of Ethereum (ETH) against the U.S. Dollar (USD) from late June to early July 2025. The current price is $2,608.76, reflecting a +$65.53 (+2.58%) change. The chart includes buy and sell indicators at $2,608.76, with a highlighted resistance zone around $2,700-$2,760 and a support zone around $2,540-$2,600. The chart also shows a recent upward trend with fluctuating volatility.