Technical analysis by Artiverma256 about Symbol ETH on 3/21/2025

4-hour Ethereum (ETH/USD), showing a potential bullish breakout setup.Chart Breakdown:1. Price Structure:• The market was previously in a downtrend, with a significant price drop.• The price then entered a consolidation zone (marked by a rectangular box), which could indicate an accumulation phase before a potential move up.• The current price is around $1,946, sitting near a support zone.2. Potential Market Movement:• If the price breaks out of the consolidation zone, a bullish momentum may follow.• The chart suggests a possible Elliott Wave structure or an impulse move, where the price could reach different levels step by step.• Three target zones are marked as potential resistance levels:• Target 1: Around $2,200• Target 2: Around $2,350• Target 3: Around $2,5003. Technical Confirmation:• A breakout with a higher high would confirm further bullish momentum.• Support Zone: If it holds, the price could move up; if it breaks downward, a bearish scenario could develop.• Key Indicators to Watch (Not Visible in the Image but Useful):• RSI (Relative Strength Index): To confirm overbought or oversold conditions.• Moving Averages: To verify bullish or bearish momentum.Possible Trading Plan:• Buy Entry: If a breakout occurs and a higher low is formed.• Stop Loss: Below the support zone, as a breakdown would indicate further downside risk.• Take Profit: At the three target levels, taking partial profits along the way.This analysis suggests a possible market structure, but proper risk management is crucial before trading.Active Trade,