Degen

#ETH.1W
Weekly Analysis ⏳

Ethereum is still inside a triangle pattern 🔺 on the weekly timeframe, and for now, it’s breaking downward! But this breakdown isn’t confirmed yet because there’s a key monthly order block in the $1800-$1500 range, which has triggered a reaction. 👀

Possible Scenarios:

✅ Fake Breakout 🎭
Price could make a deceptive move, stop out shorts, and bounce back up!

❌ Deeper Drop 📉
If the breakdown gets confirmed, ETH might pull back and continue lower, even testing the next major support—$1200—which was a previous breakout level and is now a key zone.

Targets:

📍 Triangle measurement: $5000
📍 Channel clone: $7000
📍 Long-term target: $10,000+ 😲🚀

📢 Bottom line: This area is super critical! If we get a fake breakout, it’s a massive opportunity for the bulls 🐂🔥. But if it fails, we gotta watch for lower supports! 👇