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🚨 $ETH Quick Short Before The Bigger Breakout?
Ethereum’s chart is showing a very interesting setup right now.
There’s an orange cup and handle pattern, but the handle is forming as a falling broadening wedge — and historically, these wedges often break upward around 68% of the time.
But before that upside move… there may be one more shakeout.
Inside the handle, a pink M-pattern is forming, which could drag $ETH lower for the next wave inside the wedge.
That pullback may target the golden pocket on the local Fibonacci retracement — a zone many bigger players watch for accumulation.
For this setup, the short idea would be aiming near $2,288, where profit-taking or closing the short could make sense before the possible bullish reversal.
⚠️ NFA / DYOR
$ETH may dip first…
but the real breakout could come after the trap.