🩸 $ETH Technical Analysis — Rising Wedge Levels
$ETH 8H Technical Analysis — October 5
$ETH is currently trading inside a rising wedge, a bearish pattern that could trigger a sharp move if support breaks.
🔴 Rising Wedge Resistance:
$2,778–$2,802
🟢 Rising Wedge Support:
$2,670–$2,680
I’m watching these two zones closely. A rejection from resistance could send ETH back toward support, while a confirmed breakdown below the wedge support would increase bearish pressure.
Trade accordingly with proper risk management.
$ETH 8H Technical Analysis — October 5
$ETH is currently trading inside a rising wedge, a bearish pattern that could trigger a sharp move if support breaks.
🔴 Rising Wedge Resistance:
$2,778–$2,802
🟢 Rising Wedge Support:
$2,670–$2,680
I’m watching these two zones closely. A rejection from resistance could send ETH back toward support, while a confirmed breakdown below the wedge support would increase bearish pressure.
Trade accordingly with proper risk management.
