🔻 ETH MAY BE BOUNCING INTO WEDGE RESISTANCE
Support: 1990 – 2000
Resistance: 2148 – 2155
Target: 1990 – 2000
$ETH is rebounding inside a broader descending structure after the latest selloff, but price is now pushing straight into the upper boundary of the wedge. The current move looks more like a relief bounce into resistance than a confirmed reversal, which keeps the bearish continuation scenario active for now.
As long as sellers defend 2148–2155, ETH may rotate lower toward the 1990–2000 support area next. A clean breakout above resistance would weaken this bearish setup quickly and delay the move lower. ⚠️
#ETH #Ethereum
Do you see ETH getting rejected from this wedge top, or can bulls still squeeze out a breakout first?
Support: 1990 – 2000
Resistance: 2148 – 2155
Target: 1990 – 2000
$ETH is rebounding inside a broader descending structure after the latest selloff, but price is now pushing straight into the upper boundary of the wedge. The current move looks more like a relief bounce into resistance than a confirmed reversal, which keeps the bearish continuation scenario active for now.
As long as sellers defend 2148–2155, ETH may rotate lower toward the 1990–2000 support area next. A clean breakout above resistance would weaken this bearish setup quickly and delay the move lower. ⚠️
#ETH #Ethereum
Do you see ETH getting rejected from this wedge top, or can bulls still squeeze out a breakout first?