ETH Long Setup: Breakout From 3-Month Accumulation Zone

**Symbol:** ETH/USD (Ethereum) Ethereum has been accumulating in the $2,900–$3,200 range for the past 3 months — a classic consolidation before a major move. With the ETF approval catalyst boosting institutional interest, and ETH's deflationary supply dynamic becoming increasingly significant, the setup for a breakout is compelling. The 4H chart shows a clear bull flag continuation pattern with volume declining during the consolidation — a positive sign for a forthcoming breakout. **Entry:** $3,220 (breakout above consolidation range) **Stop Loss:** $3,050 (below the range midpoint) **Take Profit 1:** $3,500 (previous rejection zone) **Take Profit 2:** $3,800 (measured move target) **Risk/Reward:** 1:1.6 to TP1, 1:3.4 to TP2 Key risk: A broader crypto market sell-off driven by BTC weakness would pull ETH down regardless of the local setup. Are you watching ETH for a breakout setup?