ETHUSDT Long Term Structure Signals Imminent Expansion

7월 2일

Ethereum has been consolidating within a large-scale symmetrical pennant formation following its peak at $4,851. This macro structure, spanning several years, reflects sustained accumulation within a clearly defined corrective range, bounded by well-established trendline support and resistance.

After reaching its all-time high, ETH entered a structured correction that has unfolded into what appears to be an ABCDE wave pattern. Currently, price action is developing near point D, approaching the upper boundary of the pennant a crucial area that could define the next directional move.

In addition, the daily chart presents a developing Inverse Head and Shoulders (IH&S) pattern, with the neckline anchored around $2,855. This level is acting as a key resistance, temporarily halting ETH’s short-term upside. A confirmed breakout above the neckline would likely validate both the IH&S and the breakout from wave D, setting the stage for a potential expansion move toward the $6,000 target and beyond.



However, in the event of a temporary rejection at the neckline or pennant resistance, a retracement toward wave E becomes likely. This would bring price back into the $1,400–$1,800 support region a high-confluence demand zone that aligns with the long-term ascending trendline, previous breakout levels, and multiple historical reaction points. This zone may serve as a base for a strong bullish reversal.

Recent price behavior shows compressed volatility and increased buying interest on dips, reinforcing the possibility of an imminent directional breakout. A decisive move outside this macro structure may mark the beginning of a new phase of long-term price expansion.

Share your view with us in the comments, how do you see ETH playing out from here?

7월 3일

액티브 트레이드

Still in progress

7월 18일

노트

Going so cool

8월 12일

노트

+88% Profits

Since the ISHS setup was shared.🔥🔥🔥