Ethereum

Symmetrical Triangle Formation Near Key Decision zone

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This 30-minute Heikin Ashi chart of Ethereum shows a developing symmetrical triangle pattern, signaling a potential breakout soon. Price action is consolidating between a rising trendline (support) and a descending trendline (resistance), converging near the $3,650 level.

EMAs: Price is currently trading between the 20 EMA ($3,662.61) and 50 EMA ($3,668.01), indicating indecision and tightening volatility.

RSI (14): Neutral at ~47, providing no strong directional bias.

Structure: Higher lows and lower highs define the triangle boundaries.

A breakout above $3,670–$3,700 could signal bullish continuation, while a break below $3,620 may trigger a bearish move.

Keep an eye on volume and RSI divergence to confirm breakout direction. Ideal for short-term traders anticipating a volatility spike.

Penafian

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