Ethereum (ETH/USD) on the 2-hour timeframe (Coinbase).

kelmarin

Ethereum (ETH/USD) on the 2-hour timeframe (Coinbase).

My drawn two downward projection arrows labeled Target Point, showing possible downside continuation.

Here’s what the chart structure indicates:

Price is around $3,975–$4,000.

The structure shows a rising wedge breakdown, typically bearish.

Volume profile (yellow/blue areas) shows strong resistance above current levels.

Based on my arrows and price scale, my chart marks two main downside targets.


🎯 Target Zones

1. First Target Point: Around $4,200 → $4,250

Short-term correction zone, possible support test.



2. Second Target Point (Deeper move): Around $3,750 → $3,800

Major downside target — corresponds to full wedge breakdown measurement.




✅ Summary

Pattern: Rising wedge (bearish)

Current price: ~$3,975

Target 1: ~$4,200 (minor support retest)

Target 2: ~$3,750 (main bearish target)

kelmarin

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