#ETHHits4800 #ETH

That’s a great observation! The cup and handle formation is a classic bullish continuation pattern, and when spotted on a higher time frame like the daily chart, it often signals strong potential for an upward breakout.
Since you mentioned you've been tracking Ethereum and already identified this pattern earlier, here's what typically comes next (just to confirm alignment with your analysis):
🟢 Cup and Handle Formation – Ethereum Daily Chart Outlook
1. Cup Formation
Rounded bottom formed after a correction
Shows strong accumulation and a gradual recovery
Indicates that bulls are regaining control
2. Handle Formation
A short-term consolidation or pullback
Often takes the form of a flag, pennant, or descending channel
Low volume during the handle is common (a good sign)
3. Breakout Zone
A breakout above the handle resistance (which is typically also the cup's high)
This confirms the pattern
Volume must increase during breakout to validate it
📈 Target Projection
The price target after a successful breakout is typically:
📍 Cup Depth + Breakout Point

So, if the cup depth was, say, $500, and the breakout occurred at $3,800, then:

🎯 Target ≈ $4,300
🔍 Things to Watch
🔄 Retest: Sometimes price pulls back to retest the breakout zone before continuation.
📉 Failed Breakout: Watch for rejection with high volume—this could flip into a bearish trap.
📊 Volume Confirmation: Key for validating the breakout strength.
If you have a recent chart or price level you’re watching, feel free to share it — I can help break down the next zones of interest or risk levels. Are you currently in a trade or waiting for confirmation before entering?