ETHUSDT – Market Insight & Price Structure
Ethereum has been shaping a falling wedge pattern over the past 2 to 3 months—a structure that typically suggests a bullish reversal. Recently, price action confirmed a breakout above the key resistance zone between $2034 and $2040, along with a clean break of the upper trendline of the wedge. These movements point to a strong bullish signal, suggesting potential continuation to the upside.
Currently, Ethereum is approaching a significant resistance level around $2860. If price reaches this zone, we’ll be watching closely for confirmed reversal signals to consider a potential short/sell setup.
On the other hand, the primary bullish trend trade remains valid near the $2160–$2150 support range. A long position will only be considered upon confirmation, such as a bullish engulfing candlestick pattern, market structure shift (MSS), or other trusted technical signals.
Disclaimer: This is not financial advice. Always do your own research (DYOR).
