#ETH
🚨 ETHEREUM SQUEEZE: SYMMETRICAL TRIANGLE ON 4H
ETH/USDT 4H: $2,491.33
Ethereum is coiling up.
The Setup:
#ETH is trading inside a clean symmetrical triangle on the 4H chart.
Upper Trendline: ∼$2,520 resistance - multiple rejections
Lower Trendline: Rising support around ∼$2,420
Current Price: $2,491, pressing against the top
Each swing high is getting lower, each swing low is getting higher. That means volatility is compressing and a big move is coming.
What happens next:
Bullish Breakout: A 4H close above $2,520 with volume could trigger continuation of the bullish move. Next targets: $2,560 → $2,600 → $2,640
Bearish Rejection: If ETH fails here and breaks below $2,420, we could see a retest of $2,380 → $2,340
Symmetrical triangles are neutral until price breaks. But with ETH holding higher lows, bulls have the edge right now.
Key Level to Watch: $2,520. A breakout + retest there flips it to support.
🚨 ETHEREUM SQUEEZE: SYMMETRICAL TRIANGLE ON 4H
ETH/USDT 4H: $2,491.33
Ethereum is coiling up.
The Setup:
#ETH is trading inside a clean symmetrical triangle on the 4H chart.
Upper Trendline: ∼$2,520 resistance - multiple rejections
Lower Trendline: Rising support around ∼$2,420
Current Price: $2,491, pressing against the top
Each swing high is getting lower, each swing low is getting higher. That means volatility is compressing and a big move is coming.
What happens next:
Bullish Breakout: A 4H close above $2,520 with volume could trigger continuation of the bullish move. Next targets: $2,560 → $2,600 → $2,640
Bearish Rejection: If ETH fails here and breaks below $2,420, we could see a retest of $2,380 → $2,340
Symmetrical triangles are neutral until price breaks. But with ETH holding higher lows, bulls have the edge right now.
Key Level to Watch: $2,520. A breakout + retest there flips it to support.
