$ETH

ETH/USD 30Min Chart Analysis ๐Ÿง ๐Ÿ“Š

๐Ÿ”น Pattern: Descending wedge โ€“ a bullish reversal pattern.
๐Ÿ”น EMA Strategy: Price is hovering near the 70 EMA (3,548.11), acting as dynamic support.
๐Ÿ”น Demand Zone: Strong support zone around 3,470โ€“3,490, previously respected by buyers.
๐Ÿ”น Price Action: Consolidation with lower highs & higher lows signals compression before breakout.
๐Ÿ”น Volume Strategy: Low during consolidation, expected surge on breakout.
๐Ÿ”น Target: Projected breakout to 3,677.91 (+5.2%) if price respects demand and breaks wedge.

โœ… Strategy Suggestion:

Buy setup: If price retests demand zone & forms bullish candle โ†’ target 3,677

Confirmation: Breakout above wedge & EMA with strong volume


๐Ÿ“ˆ Bullish bias while price holds above demand zone and 70 EMA
โ—Watch for false breakout traps near wedge resistance

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