Ethereum: Pennant Apex Passed Without Breakout

Ethereum slipped through the pennant apex on the 4-hour chart without a decisive directional move, leaving the structure compressed and the bullish continuation signal invalid.

Traders now watch for a 4H close above the apex for bullish confirmation or below it for bearish invalidation, with price action still undecided around current levels.

Ethereum trades at $2686.16 inside the Bollinger Bands, testing near-term resistance at $2715.88 while the EMA50 at $2668.88 provides concrete support above the deeper EMA200 at $2490.46. The MACD death cross at 3.29 flashes bearish momentum even as RSI at 48.6 stays neutral, pointing to a probable retracement toward the 50-EMA before any sustained continuation. This setup aligns with historical ethereum pennant pattern technical analysis where failure to break at the apex often leads to extended compression rather than immediate trend resumption, directly addressing what happens after crypto pennant apex without breakout and refining any near-term ETH price prediction.