Ethereum (ETH/USD) on the 2-hour timeframe (Coinbase).Ethereum (ETH/USD) on the 2-hour timeframe (Coinbase).
My drawn two downward projection arrows labeled Target Point, showing possible downside continuation.
Here’s what the chart structure indicates:
Price is around $3,975–$4,000.
The structure shows a rising wedge breakdown, typically bearish.
Volume profile (yellow/blue areas) shows strong resistance above current levels.
Based on my arrows and price scale, my chart marks two main downside targets.
🎯 Target Zones
1. First Target Point: Around $4,200 → $4,250
Short-term correction zone, possible support test.
2. Second Target Point (Deeper move): Around $3,750 → $3,800
Major downside target — corresponds to full wedge breakdown measurement.
✅ Summary
Pattern: Rising wedge (bearish)
Current price: ~$3,975
Target 1: ~$4,200 (minor support retest)
Target 2: ~$3,750 (main bearish target)
