$ETH has formed a rising wedge, typically a bearish reversal pattern when spotted after an uptrend.

Price is now testing the upper boundary near $2,680. A breakdown below the lower trendline could trigger a move back toward $2,500–$2,400.

However, a clean breakout above the wedge might invalidate the setup and push #ETH higher.

Key levels to watch:

Support: $2,550 / $2,400

Resistance: $2,700