Technical analysis by polarity about Symbol ETH on 10/16/2025

(Left) 2-Hour Chart: ABCDE Descending Triangle Textbook contracting ABCDE correction for Ethereum/USDT: A → B → C formed the first three legs of the correction. D pushed back up into the descending trendline but failed to reclaim structure. Now, E is the key — this is either: 1. Final flush to complete the triangle, or 2. Failed breakdown, leading to an upside break. Typical E-wave behavior: Often weak and lacks momentum (especially compared to A and C). Sometimes makes a marginal lower low below C, then reverses sharply. Volume tends to contract during the E-wave, then expand at breakout. E-wave target zones often line up with 0.618 FIB to 1.0 FIB extension of the C leg. For the chart on the right, the descending trendline If price rejects at this line, it’s the clean start of E-wave down (to finish the ABCDE). If price breaks above this line on strong volume, it invalidates the E-wave flush, likely triggering a triangle breakout early. What to watch: Breakout confirmation = strong candle close above $4,180–$4,200 on the 15-min + volume surge. Breakdown confirmation = failure near the trendline, followed by controlled drift down (E-wave style). It maybe closer to Friday before we see any sign of breaking out, if the chop continue. Happy Trading!