ETH has formed a massive symmetrical triangle since the 2021 top (~$4,800).
This triangle has been tightening since 2022 with:
- Lower highs from $4,800 → ~$4,000
- Higher lows from ~$850 → $1,370 → $1,850+
We now close to the apex, meaning a major breakout or breakdown is imminent in the coming weeks/months.
Price Action
ETH is pressing against the upper resistance of the triangle (~$3,850–3,950).
A monthly close above $4,000 would be the first breakout in over 2 years.
Volume
Volume has decreased over time, typical for a symmetrical triangle.
We are looking for volume increase on breakout to confirm it’s on the right track.
Momentum (Laguerre RSI: 0.67)
Momentum is rising, supportive of a bullish breakout.
RSI is not yet overbought, so there’s room for continuation.
Scenarios
Bullish Breakout Scenario:
Trigger: Monthly close above $4,000–4,200
Target: ~$7,000–7,500
Timeline: Could play out over 3–6 months
Bearish Breakdown Scenario
Trigger: Monthly close below $2,500
Target Zone: $1,850 → $1,300 (last major supports)
Would invalidate the higher low structure
I am bullish but it is hard to not to be cautious given its crypto and this is a pretty tough resistance.
Do your own research and make responsible decisions all.
Peace out.
This triangle has been tightening since 2022 with:
- Lower highs from $4,800 → ~$4,000
- Higher lows from ~$850 → $1,370 → $1,850+
We now close to the apex, meaning a major breakout or breakdown is imminent in the coming weeks/months.
Price Action
ETH is pressing against the upper resistance of the triangle (~$3,850–3,950).
A monthly close above $4,000 would be the first breakout in over 2 years.
Volume
Volume has decreased over time, typical for a symmetrical triangle.
We are looking for volume increase on breakout to confirm it’s on the right track.
Momentum (Laguerre RSI: 0.67)
Momentum is rising, supportive of a bullish breakout.
RSI is not yet overbought, so there’s room for continuation.
Scenarios
Bullish Breakout Scenario:
Trigger: Monthly close above $4,000–4,200
Target: ~$7,000–7,500
Timeline: Could play out over 3–6 months
Bearish Breakdown Scenario
Trigger: Monthly close below $2,500
Target Zone: $1,850 → $1,300 (last major supports)
Would invalidate the higher low structure
I am bullish but it is hard to not to be cautious given its crypto and this is a pretty tough resistance.
Do your own research and make responsible decisions all.
Peace out.
Giao dịch đang hoạt động
We are breaking out!!! 
Thông báo miễn trừ trách nhiệm
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.
Thông báo miễn trừ trách nhiệm
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.