Ethereum: Busted Triangle Sets $25,000 Target

Ethereum has spent nearly five years carving out a busted ascending triangle on the monthly chart, a structure that traps sellers on the false breakdown below support before reversing aggressively back inside the pattern. @TATrader_Alan notes the failed move now supplies fuel for the next leg, with price already reversing and a rapid upside surge developing toward the $25,000 target.

At the current $2460.31 level, ETH trades inside its Bollinger Bands with the upper resistance at $2509.43 acting as immediate overhead while the lower support sits at $2457.02; the EMA50 at $2472.17 serves as near-term resistance and the EMA200 at $2284.95 as deeper structural support, and with RSI(14) at 43.67 remaining neutral alongside a bearish MACD death cross at -1.86, any push into the upper band likely meets selling that forces a healthy retracement toward the 50-EMA before continuation.