🚨 $ETH Breakdown — Wedge Structure Lost
Ethereum has broken below a descending wedge formed April 20–30, shifting short-term momentum.
Breakdown details:
• ~$2,280 support lost with multiple closes below
• No strong bounce or reversal signals yet
• Momentum remains weak post-break
Key levels:
• ~$2,250 → next support / downside target
• ~$2,280 → first reclaim level
• ~$2,350 → full invalidation (structure flips if reclaimed)
Context:
• Lack of tight pre-break compression adds some uncertainty
• Possibility of a fast reclaim (fakeout) still exists
• Follow-through is critical to confirm direction
Signal:
Below $2,280 → pressure remains
Reclaim above key levels → breakdown weakens
Verdict: short-term bias leans bearish, but confirmation depends on whether price holds below resistance or reclaims it quickly.