$ETH Consolidation – Breakout or Fakeout? 🚨
Ethereum is currently squeezing inside a descending triangle on the 15m timeframe. We’ve seen a strong impulse move up, and now the price is catching its breath at a key support level around $2,320.
Bullish Scenario: A clean break and candle close above the blue trendline could lead to a quick scalp toward the $2,350+ liquidity.
Bearish Scenario: If we lose the red support line, expect a deeper retest of the $2,300 psychological level.
Patience is key here. Don't chase the middle; wait for the confirmation. 📉📈