Ethereum (ETH) in Tight Range — Big Move Incoming?
Ethereum $ETH has been consolidating in a tight short-term range between $3,500 and $3,750, frustrating both bulls and bears as neither side takes control. But based on current chart patterns and market conditions, this might be the calm before a major breakout. 👀
🔺 Symmetrical Triangle Spotted on 4H Chart
A symmetrical triangle is forming on the 4-hour chart, centered around the $3,620 zone. This chart pattern is known for acting as a launchpad for strong moves — in either direction — once the price breaks out of the tightening range.
This formation reflects market indecision, where neither buyers nor sellers are dominant, but tension is building. Historically, symmetrical triangles often lead to explosive breakouts, especially when volume starts to build near the apex.
🚀 Bullish Scenario: What If ETH Breaks Out?
If Ethereum can break and close above $3,720–$3,745, we may be looking at a bullish continuation pattern.
🎯 Possible Upside Targets:
Target 1: $3,850–$3,900 – aligning with recent resistance levels and minor Fibonacci extensions.Target 2: $4,100+ – if momentum accelerates and buyers pile in, this is a realistic target based on measured move projections from the triangle breakout.
A breakout would likely be accompanied by a spike in volume, confirming buyer conviction.
🛡️ Support Levels and Bearish Risks
Support is currently holding around the 4H 50 EMA (Exponential Moving Average) near $3,512, which has served as a soft floor over the past few sessions.
However, if the $3,500 level breaks down, ETH could face a sharp pullback due to the lack of strong support immediately below.
🚨 Downside Targets If Bears Take Control:
$3,300 – the next major horizontal support level.$3,100 – psychological and technical support zone, and a potential bounce area if selling intensifies.
📊 Indicators and Momentum Signals
MACD on the 4H is flattening, signaling low momentum — but a crossover could soon confirm direction.RSI is hovering around neutral (50), leaving room for either a breakout or breakdown.Volume has been decreasing — typically a sign of pressure building before a move.
📣 Stay sharp, manage your risk, and prepare for volatility!
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