ETH Eyeing Bullish Targets: $2,244 & $2,380

On the 4‑hour chart, ETH appears to be carving out a descending wedge pattern (often a bullish formation) while the RSI is trending upward from oversold territory. Here are the key points to watch:

1.Descending Wedge:

- Price has bounced near the lower boundary of the wedge around the mid‑$1,900s.
A break above wedge resistance (roughly in the $2,000–$2,050 zone) could trigger accelerated upside.

2.Fibonacci & Price Targets:

- Expect 1 (~$2,244): First target aligns with a measured move out of the wedge and a key Fib extension zone.
- Expect 2 (~$2,380): Second target corresponds to a higher Fib extension (2.0–2.272), marking a stronger bullish continuation if momentum holds.

3.RSI Confirmation:

- The 4‑hour RSI is turning upward, suggesting improving bullish momentum. A sustained move above 50–55 on the RSI would strengthen the case for further upside.

4.Pullback Risk:

- If ETH fails to break wedge resistance, it may retest support in the $1,900 area. A close below that could delay or invalidate the bullish setup.


Overall, ETH’s structure and momentum suggest a potential move toward $2,244 initially, with a push to $2,380 if buyers maintain control. A break above the wedge and sustained bullish RSI would be the clearest signals for continuation to these higher levels.