This run by “Erbing” is pretty interesting—let’s break it down:

First, write down the key levels:
The overhead resistance levels are 1883, 1909, and 1940; the support levels below to watch are 1852, 1800, and 1757.
Now the market logic:
On the 4-hour timeframe, if it breaks below 1850, be prepared to look down at 1800–1772.
The key point (pay attention):
Look at that triangle pattern on the chart—it has already broken out. After a breakout, there’s usually a “retest/confirmation” move, which is the position indicated by the white arrow. There are two scenarios:
Good scenario: The price pulls back to the upper boundary of the triangle, but doesn’t fall back below it, and instead holds steadily. This suggests the support is effective, and most likely there won’t be a need to retest 1852. After that, there’s still a chance to surge back above 1900. As long as it gets back above 1900, this leg of the decline can be considered over, and only then is it qualified to challenge the prior high.
Bad scenario: During the pullback, it directly drops back into the triangle. That’s troublesome—it indicates the breakout has failed, and support at 1852 will likely not hold.

In short, it’s all about whether it can stand firm at the upper boundary of the triangle. If it holds, there’s a play; if it doesn’t, be careful.

The above is for personal entertainment only and does not constitute any advice.$ETH