Ethereum (ETH) demonstrates increased volatility, squeezing within key technical patterns. Against the backdrop of the recent Glamsterdam update and expectations of the fall hard fork Hegota, a strong confrontation is forming in the market between major buyers and short-term speculators.

The first chart visualizes ETH/USDT movement within a descending wedge on the daily timeframe, where the price is approaching a critical decision point.
Technical pattern: A descending wedge is considered a bullish reversal pattern.
Key level: The resistance zone is around $2,450–$2,500. Breaking above opens the way to long-term targets.
Volumes: Trading activity is decreasing toward the wedge's apex, confirming an imminent strong move.
The second chart shows a local picture on the 4-hour timeframe, signaling a bullish divergence.
Divergence: The price chart updates local lows, while the RSI indicator forms higher lows.
Signal: This is a classic sign of seller exhaustion and accumulation of positions by large players before a rise.
Nearest support: The psychological level of $2,100–$2,150 acts as a strong buyer's plate.
Trading plan for Gate.io
Aggressive entry: Long when confirmed breakout of the daily wedge's upper boundary ($2,420+) with the first target at $2,700.
Conservative entry: Building a position in parts (grid) within the range of $2,150–$2,250 with a stop below the local low.
Trading instrument: To implement the strategy, both spot market (ETH/USDT) and perpetual futures with leverage on Gate.io are available.