$ETH has been grinding sideways between $2,400 and $2,800 — a classic range-bound market. But here's the twist: it’s forming an ascending triangle — higher lows, flat resistance around $2,700–$2,800. 📈
🧠 What this means:
If ETH closes strongly above $2,800, we could see a swift rally to $3,100–$3,300. But failure to break through? It might revisit $2,400… or worse, slide to $2,200.
🔥 Elliott Wave watchers — this could be the final leg (Wave 5) of a move that started all the way back in April from $1,380. Right now, ETH might be finishing an A-wave before a potential B-wave pullback. If so, $1,650–$2,170 could be the dip zone before another push higher.
⚠️ Key levels to watch:
- Bullish breakout if ETH clears $2,800
- Bearish bias if it drops below $2,510
- Breakdown confirmed under $2,319
Stay sharp. The squeeze is real — and the breakout (or breakdown) could hit fast. 🚀🔻