ETH - The Symmetrical Triangle of the Month!Ethereum has spent most of October coiling inside what can only be called the symmetrical triangle of the month => a textbook compression of volatility where both bulls and bears are building pressure for the next decisive move.
📦Price is trapped between the $4,265 resistance and $3,640 support, with multiple clear reactions from both boundaries. Each time ETH bounces off the lower orange trendline, buyers step in aggressively… but every push higher has been capped by lower highs, a perfect battle of strength versus patience.
The breakout from this formation will likely dictate ETH’s next major swing.
- A break above $4,265 could ignite a rally toward $4,720 and beyond.
- A break below $3,640, however, would expose $3,300, a strong historical demand zone.
⚔️ Until one side wins , it’s all about staying patient, waiting for confirmation, and letting the structure do the talking. The tighter this triangle gets — the bigger the breakout tends to be.
⚠️ Disclaimer: This is not financial advice. Always do your own research and manage risk properly.
📚All Strategies Are Good; If Managed Properly!
~Richard Nasr
