Ethereum: Ascending Triangle Eyes $26K Breakout
Ethereum coils in multi-year ascending triangle with $4,500 resistance; 4h chart shows $2483.51 price testing EMA50 amid bearish MACD.
SourceAnalysis
Ethereum has coiled inside a multi-year ascending triangle on the monthly chart, with flat resistance at $4,500 and rising support driving price toward the apex.
Trader Tardigrade notes the pattern signals building pressure, projecting a measured-move target of $26,000 once the coil completes.
On the 4h chart, ETH trades at $2483.51 beneath the EMA50 at $2493.1 while the EMA200 sits at $2325.53; the MACD death cross at -1.86 confirms bearish momentum even as RSI holds neutral at 46.34 inside the Bollinger band bounded by $2550.15 resistance and $2463.87 support.
Trader Tardigrade
@TATrader_AlanTechnical chartist and crypto content creator focused on Bitcoin and altcoin pattern analysis.
Premium Sponsors
.jpg)