Ethereum Rising Wedge Warning: Breakdown Could Send Price Toward $1,500

Ethereum is showing early signs of a rising wedge formation, a pattern often associated with potential reversals. With key support under pressure, a breakdown from this structure could push the price lower, putting the $1,500 level firmly in focus as the next major target. A Rejection At Key High-Timeframe Support Luca, in a recent update, highlighted that Ethereum’s price has been rejected at the lost high-timeframe support range he referenced in previous PAT updates. This level also aligns with the 2D Bull Market Support Band at $2,180, making it a critical zone for assessing market direction. The rejection suggests that buyers are struggling to reclaim key support, keeping the market under pressure. Related Reading: Ethereum Price Support Intact, but Market Signal...