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Alright, ETH fam. We’ve all been staring at the chart like it owes us money, and guess what? It kinda does. After getting slapped from the local highs around $2,680, Ethereum’s price did a solid nosedive — straight into a goddamn Gartley pattern or something that looks close enough.
Now, it’s hovering around $2,510, stuck between red resistance zones and green support like a poor bastard who can’t decide whether to text their ex. But let’s break this sucker down.
The Setup: ABCD Triangle Vibes and Price Compression
Let’s talk about that chart:
- We’ve got a clean ABCD harmonic structure going on.
- Point A is the bottom of the pit, B is the rebound, C is the higher low, and D couldn’t break through the resistance zone.
- That whole thing sits inside a triangle squeeze, with higher lows and lower highs squeezing ETH like it’s in a bear hug from a gym bro who doesn’t skip arm day.
We’re now sitting at a key decision point. Break above that red supply zone ($2,540), and ETH could rip faces off. Drop below the green demand zone ($2,500), and we’re headed for pain.
RSI Breakdown: Overcooked, Undercooked, or Just Confused?
The RSI on the 5-minute looks like a heart rate monitor after 4 cups of coffee. We dipped under 30 a few times, but every single oversold signal got bought up hard — that’s bullish af.
Currently RSI is around 50, suggesting it’s mid-field. No clear edge here, but keep an eye on those fake-outs where RSI dips below 30 and immediately bounces. Scalpers wet dream.
Support & Resistance Zones (a.k.a. Battle Zones)
Resistance Levels (Sell Walls / Fake Pump Killers):
- $2,540 – $2,555 → Major resistance zone (D level rejection). If we break and hold above this, it’s breakout time.
- $2,580 – $2,600 → Previous local top. Take-profits start here.
- $2,675 – $2,680 → Absolute chad-level resistance. Only bullish euphoria will punch through.
Support Levels (Where Bulls Punch Back):
- $2,500 – $2,505 → Key short-term support (bottom of current wedge). Holds multiple times = strong.
- $2,480 – $2,490 → Mid-range demand zone, was retested on the way up.
- $2,450 – $2,460 → If this breaks… grab your emotional support hardware wallet.
Trading Tips
- Scalp Zone: Long around $2,500–$2,505 with tight stops below C. It’s your best risk-reward play if support holds.
- Breakout Play: If ETH cracks above $2,540 with volume, ride that bastard up to $2,580+. But don’t ape — wait for confirmation.
- RSI Dips = Buys: Until proven otherwise, every dip below 30 on RSI has been a buying opportunity.
- News Traps Incoming: You’ve got economic calendar icons right under point C — watch for macro surprises (CPI data, FOMC noise, etc.)
- Volume Spike Clue: Look at that massive candle near point A — that was capitulation. If volume spikes again near current price, it could signal the next move.
Stop-Loss Suggestions (Don’t Be That Guy)
For Long Positions:
- Enter long at: $2,505 – $2,510
- Stop-loss: Below $2,495
- First TP: $2,540
- Full exit (if breakout confirmed): $2,580 – $2,600
For Short Positions:
- Enter short at: $2,540 – $2,545 (if rejection confirmed)
- Stop-loss: Above $2,555
- TP1: $2,510
- TP2: $2,485
Final Degenerate Wisdom
- Low timeframe traders: scalp the wedge until it breaks.
- Swing traders: wait for the break + retest confirmation.
- Bagholders: don’t marry your entry — divorce it if it cheats on support.
Final Thoughts: Ethereum Is Winding Up for a Banger — You In?
Ethereum’s price is coiling like a pissed-off snake. You don’t sit in a triangle this tight without something eventually snapping — up or down. The RSI action and demand zone suggest bulls aren’t dead, just sleeping. But if support breaks, don’t be the bagholder who thought “it can’t go lower.”
TL;DR: We’re at a key inflection point. Trade the breakout or scalp the range — just don’t sit on your hands and pray.
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