Here's a 15-minute technical overview for $ETH /USDT (MEXC) as of your latest snapshot:

🧠 Ethereum/USDT – 15M Chart Breakdown

Current Price: ~$2,607

🕓 Timestamp: ~03:50 UTC

📏 Key Price Levels

Major Resistance Zone:

$2,740 – $2,760

Strong rejection expected unless volume surge confirms breakout.

Intermediate Resistance:

$2,700, $2,640, $2,620

Immediate Support:

$2,580 (near current price structure)

$2,560 — confluent with 200 EMA, making it strong support.

Invalidation Level:

Candle close below $2,540 invalidates bullish wedge thesis.

📐 Technical Pattern: Falling Wedge

You're seeing a Falling Wedge forming — typically a bullish reversal pattern.

Breakout confirmation comes on strong move above $2,620–$2,640 zone.

Expect CHOCH (Change of Character) above this range for conviction.

🔄 Strategy Consideration (Short-Term Swing)

Bullish Setup (Wedge Breakout Play):

Entry: On break and close above $2,620–$2,640

TP1: $2,700

TP2: $2,740

SL: Below $2,560 (or tight SL under $2,580 for tighter risk control)

Bearish Setup (Breakdown Play):

Entry: Candle close below $2,540

Target: $2,500 and $2,460

SL: Above $2,560 or last minor high

🧩 Contextual Notes

ETH appears to be coiling within a wedge, gearing up for a move.

Watch volume expansion on breakout to confirm momentum.

If BTC weakens sharply, invalidation may trigger early.

Would you like RSI, MACD, or order block analysis for ETH/USDT next?

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