ETH - wedge broken, target 2,100 USDT
After a three-week contraction, the price broke above the upper boundary of the ascending wedge and the 1,870 USDT horizontal, confirming a change of momentum in favor of the bulls.
đ Levels
- S1 1 870 USDT - top of the wedge, retest zone
- S2 1,800-1,820 USDT - base of the formation
- R1 1 900-1 920 USDT - local obstacle near trend lines
- R2 2,106 USDT - calculated wedge height target and March supply area
đ Scenario
Holding S1 opens the way to R1; a consolidation above 1,920 activates the march to 2,100 USDT. A run-up to 2,200 is not ruled out with strong volume.
â ïž Risks
A failure â© 1,870 would indicate a false breakout; a move below 1,800 would bring the price back to the wedge and increase the chance of a test of 1,740.