ETHUSDT Long-Term Structure Signals Major Move Incoming!
Ethereum has been consolidating inside a large symmetrical pennant ever since hitting its all-time high of $4,851 — and that formation is now nearing a critical point.
🔸 Current Price: $2,519.77 (-1.13%)
🔸 Macro Structure: Spanning several years, this pattern reflects sustained accumulation within well-defined trendline support and resistance.
🔸 Wave Count: The correction appears to be unfolding in an ABCDE wave structure, with price now hovering near Point D, just below the upper boundary of the pennant — a zone that could dictate the next major move.
On the daily chart, an Inverse Head and Shoulders (IH&S) is also forming, with the neckline around $2,855 acting as a key resistance. A confirmed breakout above this level could signal the start of a powerful upward leg — validating both the IH&S and a breakout from wave D — potentially targeting $6,000 and beyond.
However, if ETH faces rejection at the neckline or pennant resistance, a pullback toward wave E is likely, which would bring price into the $1,400–$1,800 support zone. This area aligns with the long-term ascending trendline, previous breakout levels, and historical reaction zones — making it a high-confluence bullish reversal zone.
✅ Compressed volatility
✅ Increased dip-buying
These signs point to a potential imminent breakout.
A decisive move outside this macro pattern could ignite the next major long-term expansion phase for Ethereum.
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Stay tuned for more updates!
