#ETH/USDT ANALYSIS
ETH is consolidating within a falling wedge pattern and is currently facing rejection from the wedge's resistance trendline. The 200MA is acting as additional resistance, capping the current price action.
A strong breakout from the pattern would provide bullish confirmation. However, if ETH breaks below the support trendline of the wedge, the pattern will be invalidated, signaling potential further downside.
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