- Ethereum approaches the critical $2,500 level, testing resistance amid the Broadening Wedge pattern completion phase.
- Increasing volatility from the broadening wedge suggests ETH is preparing for a decisive breakout move.
- The confluence of EMA 50, 100, and 200 and the psychological $2,500 level strengthens resistance significance.
- A breakout above $2,500 may lead Ethereum toward $3,000, $3,500, and $4,000 price targets.
Ethereum’s current price structure suggests that a significant technical development is underway. The formation of a broadening wedge, often referred to as a “megaphone” pattern, has progressed into its final stages on the daily timeframe.
This configuration, characterized by widening price swings and diverging trendlines, typically reflects elevated volatility before a directional move.
Ethereum’s price action over recent weeks has aligned with this pattern, creating a setup that…
