ETH Poised for Breakout After Expanding Wedge Retest as November Consolidation Leads to December Surge
ETH/USDT
$39,049,302,904.94
$2,145.26 / $2,009.54
Change: $135.72 (6.75%)
-0.0018%
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COINOTAG News reported on October 30 that a well‑known crypto analyst on Platform X, @IamCryptoWolf, outlined an expanding wedge pattern for Ethereum (ETH). The analyst notes that the prior resistance has morphed into a supportive basis, signaling a potential shift in near‑term momentum rather than an abrupt reversal.
The ETH price setup hints at a period of consolidation in November, with a possible breakout toward month‑end. If price action clears key levels, the market could transition to a broader upside trajectory into December.
This analysis, presented by a veteran technical analyst on TradingView since 2014, contributes to the crypto market outlook for Ethereum and complements other institutional viewpoints on ETH price dynamics.