$ETH 🔹 4Hr Chart Analysis
A classic rising wedge has formed on Ethereum’s 4-hour chart — a bearish pattern that often signals potential trend reversal.
🔍 Key Observations
Price surged from ~$2,300 to nearly $2,600, tagging the wedge’s upper resistance.
The rally looks exhausted, with rejection signs near $2,580–$2,600.
Wedge support lies near $2,450–$2,400. A breakdown from this zone could trigger sharp downside.
This pattern often traps late longs before a correction. Unless price breaks above the wedge with strong volume, this setup leans bearish in the short term.
Short-Term Levels to Watch 👀
Support: $2,450 / $2,400
Resistance: $2,600
Breakout invalidation: Above $2,630 with strength
Wait for confirmation before reacting. Breakdown = potential for lower retests.