Market Overview
Ethereum (ETH) continues to exhibit volatile price action with mixed signals across timeframes. This analysis consolidates multiple trading perspectives into a structured plan, identifying critical support/resistance zones and actionable strategies.
Core Trading Themes
Bearish Wedge Pattern
- 4H chart shows descending wedge formation between $2,253-$2,447
- Breakout above wedge could signal trend reversal
- Failure to突破 resistance maintains bearish bias
Key Levels
Support:
- $2,253 (wedge base)
- $2,225 (recent low)
Resistance:
- OB-zone ($2,389-$2,447)
- Fibonacci 0.618 ($2,422)
Trading Strategies
Scenario 1: Bullish Breakout
- Price sustains above $2,447 with volume
- Retests OB- as support
Targets:
- $2,500 (structure)
- $2,534 (daily 0.5 Fib)
Stop-loss: $2,389
Scenario 2: Bearish Rejection
- Price rejects OB-zone
- Forms lower highs
Targets:
- $2,300
- $2,225
Stop-loss: $2,460
Advanced Pattern Recognition
| Pattern | Significance |
|---|---|
| Descending Wedge | Potential reversal signal |
| FVG Gaps | Magnet for price returns |
| EQH/EQL | Liquidity reference points |
Risk Management Protocol
- Position sizing: 1-2% per trade
- Trailing stops after +1R
- Avoid trading during news events
FAQ Section
Q: Is ETH likely to rebound soon?
A: Only if it holds $2,253 support and breaks the wedge pattern decisively.
Q: What's the most critical resistance?
A: The $2,389-$2,447 OB-zone -突破 this converts sellers to buyers.
Q: When would you abandon longs?
A: If price loses $2,225 with increased volume.
👉 For real-time chart analysis, monitor the 1H timeframe for breakout confirmation. Remember - never risk more than you can afford to lose.