Technical analysis by Expate about Symbol ETH on 12/4/2025

Price is currently around $3190 and is consolidating inside a small descending triangle. Volume is decreasing, showing indecision. A major support zone appears near the 0.618 Fibonacci level at ~$3063, where there is also a strong VRVP volume node, which could act as a liqudity grab zone. Two possible paths are: 1.Bullish scenario: Price breaks out of the triangle upward and continues toward the $3350–$3400 resistance zone. 2.Bearish scenario: Price dips down to the $3060–$3080 region, finds support at the 0.618 fib, and then continues up toward the same target zone. RSI is cooling off after being in the higher range.So far so good.Looks like ETH will have bigger correction than expected, since its already friday, I would sugget to close all trades, as we could retest 2800 levels during the weekend.