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$ETH I’m watching this setup because the chart is holding a strange kind of pressure.
The bearish pattern on the 4H looks heavy at first, but the candles are telling a different story from the inside. Every dip inside the structure is getting picked up fast, and this behavior shows that the downside is losing strength. If this pattern breaks from the upper line, the move can flip fast and the momentum can shift in one clean wave.
They’re showing signs of power every time the wick touches the lower side. That repeated reaction is the reason I’m focused here. If the breakout hits, the chart can shoot toward the next levels without slowing down because the pressure has already been building for hours.
I’m staying alert on this one because the breakout can come with strong energy. If price escapes the pattern, the next targets can be reached quickly.
This is the moment where the chart can switch its direction in one strong burst.