The falling wedge pattern on the Ethereum hourly chart suggests a potential bullish signal and a positive reversal pattern. Prices are moving between descending trends, indicating a contraction of support and resistance zones. If the price crosses above the upper boundary of the wedge, it could indicate a shift in market sentiment and a potential recovery for Ethereum. There is a crucial resistance barrier at $2,920, and breaking through it could result in market consolidation or a price decline. If Ethereum successfully breaks above the wedge, the next target would be $2,920, which could attract further buying interest. However, if the price fails to maintain bullish momentum, it could drop to the lower support area of $2,680 - $2,600. Breaking below this support zone would threaten the bullish forecast for Ethereum. The current value of Ethereum depends on its ability to surpass the resistance pattern in the market.



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