ETH/USDT (Ethereum vs Tether) on the 2-hour timeframe...ETH/USDT (Ethereum vs Tether) on the 2-hour timeframe, the pattern drawn is a symmetrical triangle — a consolidation setup that often leads to a strong breakout.
Here’s the target breakdown based on my chart:
---
📈 Current breakout level:
Around $3,950 – $3,960
🎯 Target 1 (short-term):
Around $4,350 – $4,370
This is the first target after the breakout, matching my chart’s lower target point.
(≈ +10% move from the breakout)
---
🎯 Target 2 (extended / major):
Around $4,700 – $4,750
This is the second target — the measured move from the triangle’s height projected upward.
(≈ +18%–20% move from the breakout)
---
⚠ Support / Stop-loss suggestion:
If price closes back below $3,900, it may invalidate the breakout and signal a false move.
---
✅ Summary:
Breakout point: $3,950
Target 1: $4,350
Target 2: $4,700
Stop loss: $3,900
