u/Beginning-County2258

Ethereum is currently forming one of its longest ascending triangle patterns, developing over 1800+ days on the weekly timeframe. This structure reflects a strong macro consolidation phase, with rising lows pressing against a key horizontal resistance.
The chart highlights:

Triangle Resistance: Around the ~$4,500–$5,000 zone, where price has faced multiple rejections historically.

Ascending Support Trendline: A well-respected rising support, indicating consistent higher lows and long-term bullish pressure.
Accumulation Zone: The $1,600–$1,800 range, identified as a strong demand area.

“Currently, price is rebounding from the support region and moving back toward the upper boundary of the triangle. Before reaching that resistance, we could see a minor pullback toward the $1600–$1800 zone. If this structure holds, ETH may be preparing for a major breakout.
A confirmed breakout above the triangle resistance could trigger a strong impulsive move, potentially targeting new all-time highs in the $7,000–$9,000+ range over the long term.

Invalidation:A breakdown below the ascending trendline would weaken the bullish structure and may lead to a deeper correction.

Ethereum is showing clear signs of weakness after repeated rejections from the upper boundary of the rising channel. The price is now hovering near the lower trendline support, where bullish momentum appears to be fading. The recent structure suggests buyers are losing control, with weaker pushes upward and increasing selling pressure.

A breakdown below this channel would likely confirm a shift from an uptrend to a corrective phase, potentially driving price toward the $2000 psychological support zone or lower.

Key Points:

- Rising channel support being tested
- Multiple rejections from channel resistance
- Weak bullish momentum, sellers gaining strength
- Breakdown could trigger downside toward $2000

Bitcoin is showing a clear shift in structure on the daily timeframe, with multiple bearish patterns aligning.

After forming a double top near the highs, price broke down and lost a key horizontal support level, confirming weakness in market structure. This breakdown led to a strong impulsive move downward.

Following the drop, BTC formed a bearish flag, which resulted in another continuation leg lower. Currently, price is consolidating again within a rising channel, resembling a potential second bearish flag formation.

Key Points:

- Price is struggling below the 0.5 – 0.618 Fibonacci retracement zone, acting as resistance.
- The current upward move looks corrective, not impulsive.
- Structure suggests lower highs and continued selling pressure.

- If this pattern plays out, a breakdown from the current channel could trigger another leg down toward the strong support zone below (~55K–58K region).

Confirmation: Breakdown of the current rising channel
Invalidation: Strong breakout above the channel and reclaim of the 0.618 Fib level