Technical Breakout Incoming? ETH Eyes $4,020 Target
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ETH/USD daily chart. Source: Cointelegraph/TradingViewEther is building strength inside an ascending triangle, breaking a multi-month downtrend and pushing closer to key resistance at $3,250.
A confirmed breakout would target $4,020, a 28% rally from current prices.
RSI has risen from oversold (28) to neutral (50), signaling regained momentum.
Still, ETH must overcome major hurdles — the 50-day, 100-day, and 200-day SMAs — to complete the bullish reversal. -
ETH gearing up for a clean breakout—$4,020 looks well within reach.
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Momentum building strongly; chart structure favors upside.