Your chart ETH/FDUSD (1m) clearly shows a Descending Wedge (Bullish Pattern). Below is the complete analysis:
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🔍 ETH Chart Analysis (1m)
1️⃣ Pattern: Descending Wedge
The orange lines on your chart are forming a descending wedge.
In this pattern
✔ Price goes down
✔ But both lows and highs are getting closer together
This typically signals a bullish reversal.
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2️⃣ Support & Resistance
Major Support
$3,186 — touched multiple times (strong support)
Immediate Resistance
$3,197 – 3,204 (EMA99 and the upper wedge trendline)
Breakout Level
If the price breaks above $3,200+ with a strong candle → breakout confirmed.
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3️⃣ EMA Indicators
EMA7 < EMA25 < EMA99 → short-term bearish pressure
But the price is near the trendline bottom → the possibility of a reversal increases.
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4️⃣ Next Move Expectation (1–5 min trend)
⚠ Not financial advice — just chart-based observation
Bullish Scenario (Most Probable)
If the price breaks the upper line of the wedge:
Target 1: $3,197
Target 2: $3,204
Target 3: $3,210+
Bearish Scenario (If support breaks)
If 3,186 breaks:
Next support zone: $3,180 – $3,175

