ETH COMPRESSES BEFORE A POSSIBLE BREAKOUT MOVE
$ETH is tightening inside a local wedge near the upper side of the wider structure. Price is holding around the $1,720 – $1,740 area, and buyers are trying to defend this base before another push toward the major resistance zone.
The setup becomes interesting if ETH breaks above the small wedge and holds momentum. A clean breakout could open the path toward the $1,830 – $1,850 supply area, where the next big reaction should happen.
🎯 Trade Setup I’m Watching
📌 Entry area: $1,720 – $1,740
🛑 Stop loss: below $1,685
🎯 First target: $1,780 – $1,800
🚀 Main target: $1,835 – $1,855
⚠️ Invalidation: clean breakdown below $1,685
If buyers keep defending the rising support and ETH breaks the wedge resistance, this compression could turn into a strong recovery leg. But if price loses the local base, the breakout idea becomes much weaker.
Would you buy ETH before the breakout, or wait for confirmation above $1,750 first?
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