ETH blasted out of a multi-month falling wedge, erupting from 1.8 k to 2.7 k in one vertical burst. Price is now hovering above the broken wedge roof and an intersecting long-term trend line at roughly 2.55-2.60 k. If this freshly minted support holds, the pattern’s measured move directs attention to the 2.9-3.1 k sell zone in red. A dip under 2.45 k would simply delay, not negate, the bullish structure while the broader trend stays up-sloping.Trade active
ETH exploded from its multi-month falling wedge, soaring from 1.8 k to 2.7 k. Price now hovers above the broken wedge roof plus a fresh up-sloping base at 2.45-2.50 k. If buyers defend this shelf, the measured move targets the 2.85-3.00 k sell zone shaded in crimson. A dip beneath 2.35 k would merely pause—rather than cancel—the bullish structure.
Related publications
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.
Related publications
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.