ETH About to Explode or Collapse?

Yello Paradisers! Are you prepared for what’s coming next on ETHUSD? Because right now, Ethereum is sitting on the edge of a critical structure that could lead to a major breakout—or trap unsuspecting traders in another fake move. The setup is developing quickly, and what happens next will determine the short-term direction in a big way.

💎ETHUSD is currently forming a textbook falling wedge pattern, a structure often seen at the end of corrective phases and typically followed by strong bullish breakouts. What adds more weight to this scenario is the clear bullish divergence forming on both the MACD histogram and the Stochastic RSI. These indicators suggest that bearish momentum is weakening and bulls may be getting ready to take control.

💎For traders who prefer confirmation, the ideal move is to wait for a decisive breakout above the wedge. That would significantly increase the probability of a sustained bullish move and reduce the risk of being caught in a fakeout. However, for more aggressive traders, there may already be a reason to act. A bullish engulfing candle has formed directly at a key support level—an early signal that buyers are starting to step in with strength.

💎That said, we cannot ignore the invalidation scenario. If the price breaks down and closes candle below the defined invalidation level, the entire bullish outlook will be off the table. In that case, it will be crucial to stay patient and wait for a clearer price action setup to form before considering new positions.

Strive for consistency, not quick profits. Treat the market as a businessman, not as a gambler.

MyCryptoParadise
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