ETH/USDT – Rising Wedge Breakdown ConfirmedEthereum has officially broken down from the rising wedge pattern on the 1-hour chart, confirming a bearish reversal. The wedge breakdown was accompanied by a clear bearish divergence between price and RSI, where price made higher highs but RSI formed lower highs — a strong early warning of weakening bullish momentum. 🔻
The price action has now closed below the wedge support line, signaling potential continuation to the downside.
🔹 Current Outlook:
Breakdown has been confirmed with a bearish candle close below support.
RSI is turning down, suggesting more room for further downside movement.
Immediate minor support zones are near $1780 and $1750.
Bigger target lies around $1690 based on the measured move of the wedge.
🔹 Trade Management:
✅ If you are already short from the wedge break,
managing the trade with stop-loss above $1850 would be reasonable.\
✅ First take-profit levels: $1750, then $1690 for extended targets.
📌 Note: Watch for retest scenarios — price might come back toward the broken wedge support (~$1800–$1810) before continuing the drop ("kiss of death" retest pattern).
