$ETH — Falling Wedge Forming on the Daily Chart !

ETH — Falling Wedge Forming on the Daily Chart !

#Ethereum has been consolidating within a Falling Wedge pattern since early October — a structure that often precedes a bullish reversal when confirmed with volume.

The wedge is tightening between $3,200 support and $3,700 resistance, forming lower highs and higher lows within a descending channel.

Historically, such formations break to the upside once selling pressure exhausts.

🔸️Support Zone: $3,200 → $3,000

🔹️Resistance Zone: $3,700 → $3,850

🔸️Breakout Confirmation: Daily close above $3,850 with rising volume may trigger a push toward $4,200 – $4,600, aligning with the top of the previous consolidation range.

🔹️Invalidation: Breakdown below $3,000 would signal extended downside toward $2,800.

#ETH is coiling inside a Falling Wedge, with bulls preparing to reclaim momentum if resistance breaks. A successful breakout could ignite a mid-term rally — but failure to hold $3,200 could extend the correction.