Hey Traders 👋
Earlier this week, we called out the ascending triangle press at $4,753–$4,856 and mapped the bearish break.
Well, ETH delivered cleanly into the $4,080–$3,950 zone, a textbook short and a satisfying payoff for anyone who rode it.👏
Now price is testing the $3,900 support and from here:
📉 Bearish path: Slip below it and momentum could drag ETH toward $3,800.
📈 Bullish path: Bounce back to $3,935 and reclaim $4,080–$4,250, and ETH could stabilize, reopening a push back to $4,535 and eventually the $4,753 box.
Either way, the market rewarded patience and precision, exactly why levels and patterns matter.
