AnalysisETHUSD
# Update: ETH H4 triangle, bear break confirmed
The bear scenario from Monday's setup study has triggered. An H4 candle closed below the triangle base and through the 2,640 demand zone in one move. Price is now trading at 2,595.70.
What changed
- Triangle resolved to the downside, the first H4 close outside the pattern
- The 2,640 zone flipped from support to resistance
- Bull scenario cancelled. 2,767.85 is off the table for now.
What we're waiting for
The plan was to trade the retest, not the breakout candle, and that hasn't happened yet.
- H4 close below the triangle base
- Pullback into the 2,640 zone from below
- Rejection there, which confirms continuation
- No entry 30 minutes either side of US news
Levels
| Type | Price | Note |
|---|---|---|
| 🔴 Resistance | ~2,640 zone | Broken support, retest area |
| 🟢 Target | 2,509.11 | Old range top, bear target |
Invalidation: an H4 close back inside the triangle, above the 2,640 zone, means a failed breakdown.
Missed the move? Don't chase. Either the retest comes or the trade wasn't ours.
The author may hold positions in this instrument. Not financial advice. Disclosures