ETH 30min: Bearish Triangle Forming After RSI Divergence

1 lip

helo guys

Ethereum is currently trading within a clear range, and recently formed a bearish triangle pattern near the top of the consolidation. A visible RSI divergence confirmed the loss of bullish momentum as price made a higher high, but RSI printed a lower high — a common sign of exhaustion.

Now, ETH is moving downward within the triangle, and pressure is building near the lower edge of the range. If the pattern breaks down as expected, the next likely move is a drop toward the support zone around $2,370–2,380, which marks the bottom of the range.

This setup shows a typical structure:
Divergence → Triangle → Breakdown toward range low


Unless price reclaims the triangle top quickly, bears have the upper hand in the short term.

2 lip

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