ETH has bounced off 4H trend support and is coiling into a falling wedge—volatility is low, so a sharp move is likely.
1. Context & Structure
• Rejection off trendline at ~$2,516.50 (diagonal resistance)
• Price contained in a tightening wedge after correction
• Holding above wedge support since the last low
2. Key Levels
• Resistance break: $2,520
• Lower wedge base/buy zone: $2,289.27–$2,270
• Stop-loss: Weekly/4H close below $2,270
• Primary take-profit: $3,050.50
3. Trading Plan
– Primary: Go long on a 4H close > $2,520; target $3,050.50; SL < $2,270
– Alternate: If rejected at resistance, wait for a pullback into $2,289–$2,270; look for a bullish MSB or reversal candle to enter the long with the same TP/SL
Trade confirmed breakouts or clean reversal signals—avoid FOMO and overleveraging. 🚀