Ethereum (ETH) is trading around $2,850, showing a small drop over the last 24 hours. The weekly performance is slightly negative at 2%.<\/p>\n
While the price action remains range-bound, chart patterns and market signals are drawing attention from traders.<\/p>\n
Analyst Don has identified a falling wedge forming on Ethereum\u2019s 12-hour chart. This pattern, shaped by two descending and converging trendlines, typically appears near the end of a downtrend. The asset is compressing further within the structure, with lower highs and lower lows.<\/p>\n
$ETH<\/a> failed to breakout, but price is compressing inside of the falling wedge pattern which is a bullish reversal pattern pic.twitter.com\/qX71ECwxZF<\/a><\/p>\n \u2014 Don (@DonaldsTrades) December 2, 2025<\/a><\/p>\n\n So far, ETH has not broken out. The pattern is still intact, but the price is nearing the wedge\u2019s apex. Don noted that a confirmed breakout above the upper trendline could shift momentum upward. A breakout could target higher resistance zones, with $4,500 marked as a key level on Don\u2019s chart.<\/p>\n Moreover, on the weekly chart, Bitcoinsensus pointed<\/a> to a possible inverse head-and-shoulders pattern. This includes a left shoulder formed in mid-2024, a head near $1,500 in early 2025, and a right shoulder now taking shape. The neckline sits at around $4,800.<\/p>\n This structure is often linked to long-term trend shifts. If the price closes above the neckline, the move could activate a larger rally. The estimated target, based on the height of the pattern, is around $7,600.<\/p>\n According to trader Lennaert Snyder, ETH is currently reacting to resistance near $2,850. A reclaim of this level may open the door toward $3,000. Snyder added<\/a> that a rejection here could push the price back toward $2,700.<\/p>\n \u201cIf we reject ~$2,840 resistance here, I\u2019m shorting the failure,\u201d he said.<\/p>\n Elsewhere, Titan of Crypto reported<\/a> that ETH is testing the SSB level on the Ichimoku Cloud. A hold at this level could lead to a bounce toward $3,500. If support fails, lower levels may come into play.<\/p>\n CW stated<\/a> that Ethereum is now trading close to the realized price of accumulation addresses, which reflect the average entry price of larger wallets.<\/p>\n \u201cThe current price is similar to the average bought price of whales,\u201d CW said.<\/p>\n Whale activity has remained steady, while broader market interest has also returned. Following Ethereum\u2019s drop to near $2,800, open interest in ETH futures increased, pointing<\/a> to renewed positioning in the market. Accumulation at these levels has continued since mid-year, supported by easing financial conditions and steady inflows.<\/p>\n The post Ethereum Coil Tightens: Break to $4.5K or $7.6K Incoming?<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" Ethereum (ETH) is trading around $2,850, showing a small drop over the last 24 hours. The weekly performance is slightly negative at 2%. While the price action remains range-bound, chart patterns and market signals are drawing attention from traders. Falling Wedge Pattern Tightens on 12-Hour Chart Analyst Don has identified a falling wedge forming on […]<\/p>\n","protected":false},"author":0,"featured_media":117253,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-117252","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/117252"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=117252"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/117252\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/117253"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=117252"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=117252"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=117252"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Key Price Levels and Market Behavior<\/h2>\n
Whales Hold Steady Near Realized Price<\/h2>\n