ETH exploded out of its multi-month falling wedge, racing from 1.8 k to 2.7 k. It now straddles the broken wedge roof plus a fresh rising guide at 2.45-2.50 k. Hold that shelf and the chart still projects into the 2.9-3.0 k sell zone; slip beneath 2.35 k and bulls will likely regroup at deeper support near 2.2 k. 🎯Trade active
ETH rocketed from 1.8 k to 2.8 k on its falling-wedge breakout and is now compressing inside a broadening pennant right on the 2.55-2.60 k trend confluence. As long as the apex holds, the pattern’s measured move projects into the 2.9-3.1 k sell zone; a dip toward 2.35 k would likely be viewed as a textbook retest while macro momentum still points north-east. 🎯
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.