Ethereum (ETH/USDT) has broken down from a rising wedge — a classic bearish pattern — and is now showing signs of rejection after a clean retest of the broken trendline around $3,679.
Structure:
Rising wedge pattern on the higher timeframe
Breakdown confirmed with retest of lower trendline as resistance
No bullish follow-through after retest
Trade Plan:
Bias: Bearish below $3,680
Entry Zone: Anywhere below $3,670–3,680 if rejection is confirmed
Stop Loss: Above $3,720 (invalidation)
Targets:
Target 1: $3,298
Target 2: $2,880
Target 3: $2,640
Key Notes:
If ETH reclaims and holds above $3,680, the setup gets invalidated
Watch BTC behavior — ETH tends to follow
Volume shows no strength from bulls post-breakdown
This setup presents a high-risk, high-reward opportunity if the price continues to decline from this zone.
Conclusion:
Stay cautious, as the market could see more downside if ETH stays below $3,680. Manage risk accordingly.
DYOR | Not Financial Advice
Structure:
Rising wedge pattern on the higher timeframe
Breakdown confirmed with retest of lower trendline as resistance
No bullish follow-through after retest
Trade Plan:
Bias: Bearish below $3,680
Entry Zone: Anywhere below $3,670–3,680 if rejection is confirmed
Stop Loss: Above $3,720 (invalidation)
Targets:
Target 1: $3,298
Target 2: $2,880
Target 3: $2,640
Key Notes:
If ETH reclaims and holds above $3,680, the setup gets invalidated
Watch BTC behavior — ETH tends to follow
Volume shows no strength from bulls post-breakdown
This setup presents a high-risk, high-reward opportunity if the price continues to decline from this zone.
Conclusion:
Stay cautious, as the market could see more downside if ETH stays below $3,680. Manage risk accordingly.
DYOR | Not Financial Advice
관련 발행물
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
관련 발행물
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.