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
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Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.
İlgili yayınlar
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.