Ethereum’s Falling Wedge A Massive Breakout on the Horizon ?

Ethereum (ETH/USDT) 4H Chart Analysis Falling Wedge Breakout Potential

Technical Breakdown
The 4-hour timeframe for ETH/USDT indicates a falling wedge pattern, a typically bullish structure that suggests a potential upside breakout.

Price recently hit $3,200, currently consolidating within the wedge formation.

The wedge pattern consists of lower highs and lower lows, compressing price action into a tightening range, which increases the probability of a breakout.

A breakout above the upper trendline could trigger a strong bullish move, confirming buyers stepping in.

Key Levels to Watch
Breakout Confirmation
A 4H candle close above the wedge trendline is crucial to confirm a bullish breakout.

Immediate Resistance
$3,500 This level might act as the first resistance after a breakout.

Support Zone
$2,750 - $2,700 – If price faces rejection, this zone could serve as strong support before another attempt to break higher.

Trading Strategy
Long Entry
Wait for a 4H candle close above the wedge trendline to confirm the breakout.

Stop Loss
Below $2,900 (recent swing low) to manage risk in case of a false breakout.

Targets
First Target $3,500 (psychological and technical resistance)

Second Target $3,900 (major resistance from previous price action)

Third Target $4,300+ (bullish continuation if momentum sustains)

ETH is at a critical inflection point, and a breakout above the wedge could lead to a significant bullish move. Keep an eye on price action, volume, and confirmation signals before entering any trades.