Ethereum Breakout Alert: Corrective Channel Flip Sparks Impulsive Wave

Ethereum is showing signs of a major breakout after flipping a corrective price channel, with technical analysis suggesting the start of Wave 3 of an impulsive rally. Analysts project a minimum target of $2,624.14 with potential extension to 261.8% Fibonacci levels, while recent price action swept range highs and captured liquidity.

• →Ethereum broke out of a corrective price channel, signaling the potential start of an impulsive Wave 3 rally.
• →Technical analysts target $2,624.14 as a primary price objective with potential for further extension to 261.8% Fibonacci levels.
• →The asset recently swept its all-time high and liquidity levels, showing buyers defending key support areas.
• →A Fair Value Gap near $1,970 could provide strategic long entry opportunities if retested.
• →Traders are advised to wait for confirmed breakouts above the previous channel before entering positions.