Recently, I've been analyzing Ethereum's price movement and have noticed some interesting patterns. Over the past few months, the price has been oscillating below $2000, being hammered down along with Bitcoin, and investors seem eager to sell.

I've observed a clear technical pattern: the price has been stuck around $1977 for a long time, with noticeably weak upward momentum. The current trend looks like it's forming a symmetrical triangle, with the price being squeezed between two trendlines. This kind of triangle usually indicates that the market is brewing for a big move, but the direction hasn't been confirmed yet.

From a technical perspective, it seems that the bears have taken control. The key is whether the lower boundary of the triangle can hold—this line is roughly at $1912. If this support is broken, the next target would be $1781, which would be a real test. I'm currently waiting for a breakout confirmation of this triangle because once the lower boundary is breached, the price could quickly drop toward $1780.

So, the current strategy is to be patient and wait for a clear signal from the triangle. If the support indeed collapses, be prepared for a deeper decline. Breakouts of this pattern tend to happen quickly, so it's important to stay ready at all times.