🔥ETH/USDT — Expanding triangle: decision point is close
Timeframe: 4H
Current price: ~2958 USDT
ETH is moving within an expanding triangle — volatility is increasing, extremes are expanding, the market is in a phase of uncertainty. The price is currently testing the lower boundary of the figure, making this zone critically important.
Indicators:
EMA(21/50/99): price below all EMAs → medium-term selling pressure
MACD: in the negative zone, histogram is slightly decreasing — attempt to stabilize
RSI(14): ~38 — closer to oversold, but without a reversal signal
StochRSI: at the bottom of the range → possible technical rebound
Key levels
Support: 2920–2880 (lower edge of the triangle)
Strong support: 2760–2700
Resistances: 3120 → 3300 → 3450
💰Trading plan
🟢 Main scenario — rebound from the lower boundary
➡️Entry: 2920–2960
Target 1: 3120 (+5%)
Target 2: 3300 (+11%)
Target 3: 3450 (+17%)
⛔️Stop: below 2860
🔴 Alternative scenario — breakdown downwards
Fixing below 2860 will open the way to 2760–2700
In this case, longs are canceled, the priority is to wait for a reaction from the lower zone
Conclusion
ETH is currently at the lower boundary, where the direction of the next impulse is being decided. We work strictly from the levels and only with risk control.
Spot 👉$ETH
