The ETH/USD chart on Binance reveals a $ETH short-term ascending pattern within a broader descending channel, with price at $3,047 testing upper resistance after rebounding from $2,500 lows in late December 2024. [1][2][3] Bullish candlesticks and rising EMAs support potential upside, but weakening volume and overbought RSI suggest exhaustion. [4][5][3]
## Primary Chart Pattern
An ascending triangle forms on the 1H-4H timeframe, marked by higher lows (e.g., $2,894, $2,939) against flat resistance near $3,047–$3,065. [5][3] Breakout above $3,065 projects a measured move targeting $3,132–$3,189 (adding recent swing height of ~$150). [6][7][3] Failure below the rising trendline at $2,939 invalidates, targeting channel support at $2,900. [2][3]
## Upside Targets
- $3,132: Near-term max from triangle completion and Dec 2025 forecasts, aligning with EMA cluster. [6][3]
- $3,189–$3,360: Extended bullish if volume confirms breakout, per momentum scenarios. [7][8][3]
- $3,500+: Secondary if channel top breaks, but low probability short-term. [4][3]
## Downside Targets
- $2,939–$2,900: Immediate support test on rejection, matching MAs and channel lower bound. [2][3]
- $2,750–$2,500: Bearish channel projection if support breaks, with 7-10% drop. [5][3]
## Key Confirmation Levels
| Scenario | Trigger Level | Probability | Target Range [6][5][3] |
|----------|---------------|-------------|-------------------------------------|
| Bullish Breakout | >$3,065 | 55% | $3,132–$3,360 |
| Bearish Rejection | <$2,939 | 45% | $2,900–$2,500 |
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