Awakening of #ETH – Return of the Bulls and Wedge Breakout

📊 Overview of the Situation on 4H and 1D Timeframes

✅ Trend and Technical Indicators:
➡️ The chart shows a strong downtrend that began in late December 2024, when the price dropped from a peak of around 3400 USDT to 1620 USDT by March 2025.
➡️ A correction followed, with the price recovering to around 2100 USDT, where it is currently consolidating.
✅ Volume: The volume at the bottom of the chart was high during the drop, confirming the strength of the bearish trend. Now, volume is decreasing, which may indicate a weakening momentum.
✅ Patterns: A Rising Wedge pattern is forming on the chart — typically a bearish signal, especially after a strong downtrend. This may suggest a potential reversal to the downside.
➡️ A Falling Wedge pattern appeared earlier, and its breakout upward gave a short-term bullish impulse.

✅ Positive Factors:
➡️ Price bounced from a strong support level at 1620 USDT, which gives bulls hope for recovery.
➡️ Declining volume may indicate seller exhaustion.
➡️ The earlier breakout of the Falling Wedge supports the current correction.

✅ Negative Factors:
➡️ The Rising Wedge now forming is a bearish pattern, and a breakdown could lead to further decline.
➡️ The overall trend remains bearish, and price has yet to break through key resistance levels (e.g., 2400 USDT).
➡️ The crypto market, especially remains volatile, and external factors (news, macroeconomic conditions) could significantly impact movement.

📉 4H Timeframe:
➡️ A Rising Wedge is forming; price is testing the upper boundary of the wedge and a key resistance level at $2,101.
➡️ There's a potential retracement zone targeting $1,839 — aligned with the lower edge of the wedge and a liquidity area.
➡️ Support exists at $2,068 and $2,041, but if the wedge breaks downward, the decline may accelerate.
➡️ Volume is increasing, confirming active participation and the importance of this zone.

📈 1D Timeframe:
➡️ bounced from a demand zone and is currently testing the $2,100 area.
➡️ The next strong resistance lies between $2,308–$2,367, and the previous downtrend hasn’t been fully broken yet.
➡️ There's a glimmer of strength on the daily (a +4.5% candle with notable volume), but the move is not yet confirmed as a sustained uptrend.
➡️ A breakout from the Falling Wedge is confirmed — a bullish pattern that played out.
➡️ Price has broken above the descending channel (orange line), increasing the likelihood of a trend reversal.
➡️ The measured target from the wedge breakout is around POC $3,373, aligning with previous volume accumulation — ambitious but logical.

⚠️ Risks / Limitations:
➡️ If price fails to hold above $2,101 and drops below $2,068, a return to $1,955 or even $1,839 is possible.
➡️ Volume is present but the momentum must be confirmed in the next 1–2 days.

📍Important Note:
👉 On 4H – a bearish setup is forming.
👉 On 1D – a weak recovery attempt, still under pressure.
👉 A reaction from the $2,100 zone is critical: either a rejection downward (per the wedge), or a breakout that invalidates the bearish setup.
👉 This area is a decision zone — a key point for planning potential trades.

📢 Conclusion: A breakout, retest, and confirmation of the structure and volume are visible.

🔵 Bullish Scenario:
➡️ The Falling Wedge breakout confirms a bullish impulse. The target at 3373.83 USDT looks realistic long-term, if price breaks 2100 USDT and holds above 2400 USDT.
➡️ To confirm this scenario, we need volume growth and a breakout of major resistance levels (e.g., 2400 USDT and above).

🔴 Bearish Scenario:
➡️ The Rising Wedge identified earlier remains valid. If this pattern plays out, the price may drop to 1901.73 USDT or even lower, to 1620 USDT.
➡️ The long-term downtrend (marked by a red line) is still intact, supporting the bearish outlook.

📉 LONG from $2102.90
🛡 Stop loss at $2083.00

🕒 Timeframe: 1D (Mid-term idea)

✅ Overview:
➡️ Falling Wedge breakout confirmed on the daily chart.
➡️ Successful retest of the $1,955–$2,041 zone.
➡️ Holding above $2,101 opens the way to higher levels.
➡️ Volume is increasing post-breakout — confirming buyer interest.
➡️ Next strong resistance block lies between $2,308–$2,522.

🎯 TP Targets:
💎 TP 1: $2112.00 — nearest resistance and key liquidity zone.
💎 TP 2: $2125.00 — a critical daily level, zone of pullback from previous drop.
💎 TP 3: $2134.00 — potential impulse target toward major POC ($3,373).

📢 If price fails to hold above $2,068 and breaks below $2,041 — the setup is invalidated.
📢 A retest of $2,101 from below may be needed before a stronger upward move.
📢 Volume support at $1,955 is critical for the bullish case.

🚀 is forming a potential mid-term reversal — if price holds above $2,101, a move toward $2,200+ and beyond is expected.

MoriartyTrading

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