ETH/USDT weekly chart with those yellow trend lines forming what looks like a long-term ascending triangle / resistance ceiling just under the $4,300–$4,400.
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1. Big Picture
The top yellow line is a multi-year resistance connecting the Nov 2021 and Mar 2022 highs.
ETH is right at that line now — this is where historically heavy selling pressure has appeared.
If ETH closes a weekly candle above $4,400 with strong volume, that’s a confirmed breakout of a 3-year structure.
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2. Breakout Scenario
If we get a breakout:
Measured move from the base of the triangle (~$880 low to $4,400 resistance) = ~$3,520 height.
Add that to the breakout zone (~$4,400) → Target $7,900–$8,000 over months (not days).
First resistance after breakout: $4,870 (Fibonacci 2.0 extension & historical supply).
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3. Rejection Scenario
If rejection happens here:
Possible pullback to $3,760–$3,820 (weekly demand / order block).
Deeper correction could target $3,130 if BTC also cools off.
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4. Smart Money View
This is a high-liquidity zone — institutions & whales often engineer fake breakouts here to trap longs.
A weekly candle wick above $4,400 but close below could be a bull trap.
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⚠️ Key takeaway:
Above $4,400 weekly close = bullish continuation → long-term $6.5k–$8k targets.
Fail to break $4,400 = short-term correction back toward $3.8k or lower.
Watch BTC at the same time — ETH almost never breaks multi-year highs alone.
---
1. Big Picture
The top yellow line is a multi-year resistance connecting the Nov 2021 and Mar 2022 highs.
ETH is right at that line now — this is where historically heavy selling pressure has appeared.
If ETH closes a weekly candle above $4,400 with strong volume, that’s a confirmed breakout of a 3-year structure.
---
2. Breakout Scenario
If we get a breakout:
Measured move from the base of the triangle (~$880 low to $4,400 resistance) = ~$3,520 height.
Add that to the breakout zone (~$4,400) → Target $7,900–$8,000 over months (not days).
First resistance after breakout: $4,870 (Fibonacci 2.0 extension & historical supply).
---
3. Rejection Scenario
If rejection happens here:
Possible pullback to $3,760–$3,820 (weekly demand / order block).
Deeper correction could target $3,130 if BTC also cools off.
---
4. Smart Money View
This is a high-liquidity zone — institutions & whales often engineer fake breakouts here to trap longs.
A weekly candle wick above $4,400 but close below could be a bull trap.
---
⚠️ Key takeaway:
Above $4,400 weekly close = bullish continuation → long-term $6.5k–$8k targets.
Fail to break $4,400 = short-term correction back toward $3.8k or lower.
Watch BTC at the same time — ETH almost never breaks multi-year highs alone.
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.