Technical analysis by zenkedisi about Symbol ETH on 11/4/2025

https://www.tradingview.com/x/SPHVyZDS/ In the short term, I follow the Descending broadening wedge pattern and I interpret the needles thrown out of the structure as a fakeout or liquidation move, which is not considered a violation. There is a structure similar to obo, but I think it is a trap for bears. If obo works in eth, it will go below btc 100k, which is against the plan in my mind, so the wedge pattern will work, you just need to be patient and watch. There is positive discord at the recent bottoms in the RSI. If this analysis is approved and an upward break occurs, the downward needle on our monthly eth chart remains and the retest confirmation continues, our structure continues to work. I hope that the declines and manipulations are over now.