Technical analysis by TheAlchemist888 about Symbol ETH on 7/28/2025

ETH has formed a massive symmetrical triangle since the 2021 top (~$4,800). This triangle has been tightening since 2022 with: - Lower highs from $4,800 → ~$4,000 - Higher lows from ~$850 → $1,370 → $1,850+ We now close to the apex, meaning a major breakout or breakdown is imminent in the coming weeks/months. Price Action ETH is pressing against the upper resistance of the triangle (~$3,850–3,950). A monthly close above $4,000 would be the first breakout in over 2 years. Volume Volume has decreased over time, typical for a symmetrical triangle. We are looking for volume increase on breakout to confirm it’s on the right track. Momentum (Laguerre RSI: 0.67) Momentum is rising, supportive of a bullish breakout. RSI is not yet overbought, so there’s room for continuation. Scenarios Bullish Breakout Scenario: Trigger: Monthly close above $4,000–4,200 Target: ~$7,000–7,500 Timeline: Could play out over 3–6 months Bearish Breakdown Scenario Trigger: Monthly close below $2,500 Target Zone: $1,850 → $1,300 (last major supports) Would invalidate the higher low structure I am bullish but it is hard to not to be cautious given its crypto and this is a pretty tough resistance. Do your own research and make responsible decisions all. Peace out.We are breaking out!!!