AnalysisETHUSD
Setup study: ETH H4 symmetrical triangle
Ethereum has been compressing inside a symmetrical triangle on the H4 since 19 Sep. Lower highs from the 2,800 rejection and higher lows from the 2,575 area are squeezing price into an apex around 9 Oct. Price is sitting at the upper trendline now. The break should come this week, and both sides are mapped.
Context
On the daily chart, ETH broke out of the Aug–Sep range above 2,509.11 and stalled under 2,767.85. The triangle is the consolidation of that breakout. On its own the pattern is neutral; it resolves into a continuation or a failed breakout.
Scenarios
| Scenario | Trigger | Path | Target |
|---|---|---|---|
| 🟢 Bull break | H4 close above the triangle top | Push through 2,767.85, retest it as support | ~2,925 projection |
| 🔴 Bear break | H4 close below the triangle base | Retest the broken trendline from below | 2,509.11 |
What to wait for
- H4 candle closes outside the triangle. A wick doesn't count.
- Bull side: retest holds at 2,767.85
- Bear side: retest of the broken base fails
- No entry 30 minutes either side of US high-impact news (3 events this week)
Key levels
| Type | Price | Note |
|---|---|---|
| 🔴 Resistance | 2,767.85 | Range top, confirms the bull break |
| 🟢 Support | 2,509.11 | Old range top, bear target |
Triangles near the apex often fake out first. Trade the retest, not the first candle out.
The author may hold positions in this instrument. Not financial advice. Disclosures