There is a rising wedge found.
A rising wedge typically results in reversals in uptrends if price collapses through the support line.
There is a possibility of a further move to 3490.
Ethereum: Ascending Channel
ETH/USD,
1 hour SHORT
Jan 7
12:00 612:00 712:003,3603,3803,4003,4203,4403,4603,4803,5003,5203,5403,5603,5803,6003,6203,6403,6603,6803,7003,7203,740↓ resistance ↓↑ support ↑breakoutPatterns.ccETH/USD · 1H · 7 Jan 2025
As we can see an ascending channel is close to being complete.
An ascending channel suggests a technical formation that often predicts a further move down once price breaks down.
It is likely that extra downside towards the 3660 zone will occur.
There is a descending channel encountered.
A descending channel identifies a useful bullish chart pattern that is used to spot a change in the prevailing trend when price breaks out to the the upside.
There is a probability of a bullish price action towards 2500.
Ethereum: Ascending Channel
ETH/USD,
1 hour SHORT
Dec 11
12:001012:001112:002,1402,1602,1802,2002,2202,2402,2602,2802,3002,3202,3402,3602,3802,4002,420↓ resistance ↓↑ support ↑breakoutPatterns.ccETH/USD · 1H · 11 Dec 2023
There is an ascending channel found and the price is about to break out now.
An ascending channel identifies a compelling chart pattern with an upward bias that is used to predict extending an downtrend once price breaks out to the the downside.
It is likely that a bearish push down to 2320 will form while below 2330.
Ethereum: Ascending Triangle
ETH/USD,
1 hour SHORT
Jan 12
1112:001212:001312:002,9002,9503,0003,0503,1003,1503,2003,2503,3003,350↓ resistance ↓↑ support ↑breakoutPatterns.ccETH/USD · 1H · 12 Jan 2025
We can see that an ascending triangle is almost completed and the price is ready to break out soon.
An ascending triangle typically spots extending an downtrend once price breakdown occurs.
ETH/USD opens door for a move to the 3220 zone on a breach of 3240.
As we can see a descending channel has been recognized, the price wants a next move to confirm descending channel breakout.
A descending channel suggests a bullish pattern that is angled down that can be used to signal a downward trend is about to reverse into an upnward trend when price breaks out to the the upside.
It is not ruled out that a bullish continuation towards the 1890 zone will form on impulse above 1886 as indicators favor bulls.
Ethereum: Ascending Triangle
ETH/USD,
1 hour LONG
Nov 9
812:00 912:001,8401,8601,8801,9001,9201,9401,9601,9802,0002,0202,0402,060↓ resistance ↓↑ support ↑breakoutPatterns.ccETH/USD · 1H · 9 Nov 2023
There is an ascending triangle uncovered and ETH/USD requests a next move as a signal of a breakout.
An ascending triangle typically spots an extension in the upward direction when price breaks above resistance.
There is a chance of a bullish price action towards 1905 while above 1902 as ETH/USD is at a brink of a bullish breakout.
Ethereum: Descending Channel
ETH/USD,
1 hour LONG
Nov 21
1912:002012:002112:003,0003,0203,0403,0603,0803,1003,1203,1403,1603,1803,2003,2203,2403,2603,2803,3003,3203,3403,3603,3803,400↓ resistance ↓↑ support ↑breakoutPatterns.ccETH/USD · 1H · 21 Nov 2024
We can see that a descending channel has been exposed.
If price breaks out to the the upside, the move could spot a tendency to break in the opposite direction.
ETH/USD aims to complete a retracement to 3140.
Ethereum: Ascending Channel
ETH/USD,
4 hours SHORT
Feb 24
1520252,1002,1502,2002,2502,3002,3502,4002,4502,5002,5502,6002,6502,7002,7502,8002,8502,900↓ resistance ↓↑ support ↑breakoutPatterns.ccETH/USD · 4H · 24 Feb 2025
There is an ascending channel forming and the price wants a next bigger move to confirm a breakout.
When price breaks out, the resulting move could identify extending an downtrend.
A move to 2600 is likely to happen on a breakout of the ascending channel.
Ethereum: Descending Triangle
ETH/USD,
1 hour SHORT
Jan 7
612:00 712:00 83,3003,3503,4003,4503,5003,5503,6003,6503,7003,750↓ resistance ↓↑ support ↑breakoutPatterns.ccETH/USD · 1H · 7 Jan 2025
A descending triangle emerges.
If price breakdown occurs, the move could predict a bearish price action.
There is a possibility of decline towards 3620.
Ethereum: Ascending Triangle
ETH/USD,
1 hour LONG
May 14
1312:001412:00151,7401,7501,7601,7701,7801,7901,8001,8101,8201,8301,840↓ resistance ↓↑ support ↑breakoutPatterns.ccETH/USD · 1H · 14 May 2023
An ascending triangle has been identified.
An ascending triangle typically predicts extending an uptrend in case if price breaks out to the the upside.
A bullish price action to 1815 is on the cards.
Ethereum: Descending Channel
ETH/USD,
1 hour LONG
Mar 2
12:00Mar12:00 212:002,0502,1002,1502,2002,2502,3002,3502,4002,4502,5002,550↓ resistance ↓↑ support ↑breakoutPatterns.ccETH/USD · 1H · 2 Mar 2025
A descending channel is close to completion.
If price breaks through the resistance, the resulting move could identify a next move up.
A bullish continuation to the 2240 level looks probable on a breach of 2220 as door open for a test of 2240.
Disclaimer.
No Investment Advice Provided.
Any opinions, chats, messages, news, research, analyses, prices, or other information contained on this Website are provided as general market information for educational and entertainment purposes only, and do not constitute investment advice.
The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes.
Patterns.cc will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
Risk Disclosure.
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.