๐ฉธ $ETH Technical Analysis โ Rising Wedge Levels
$ETH 8H Technical Analysis โ October 5
$ETH is currently trading inside a rising wedge, a bearish pattern that could trigger a sharp move if support breaks.
๐ด Rising Wedge Resistance:
$2,778โ$2,802
๐ข Rising Wedge Support:
$2,670โ$2,680
Iโm 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 โ October 5
$ETH is currently trading inside a rising wedge, a bearish pattern that could trigger a sharp move if support breaks.
๐ด Rising Wedge Resistance:
$2,778โ$2,802
๐ข Rising Wedge Support:
$2,670โ$2,680
Iโm 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.
