" Ethereum Silent Signal:Will the Triangle Spark a Trend Shift?"

4 days ago

ETH breaks out of a descending triangle, hinting at a potential bullish reversal after sustained bearish pressure.

📊 Setup & Targets
A descending triangle formed under a bearish trendline now sees price action testing the breakout zone. With the breakout looking valid, the wave structure suggests the following bullish targets:
🔹 Immediate Target – 4,498.48
🔹 Secondary Target – 4,655.97
🔹 Final Target – 4,778.20

⚠️ Rejections & Price Pattern
Multiple rejections from both the descending resistance and horizontal support confirm the pattern’s integrity. The final squeeze at the apex increases the breakout's reliability, assuming volume supports the move.

🧠 Final Thought
A clean breakout from a high-probability pattern like the descending triangle often leads to strong impulsive moves. Watch for retests near 4,300–4,320 for confirmation before continuation.

2 days ago

Note

Published idea is working with patience , consolidation , reached at present bearish 4362.15.