ETHUSD H1: Does the Narrowing Triangle Signal Another Drop?EtherOANDA:ETHUSDmartin_waternLooking at the chart, ETH is moving inside a narrowing triangle after an extended period of consolidation. The upper boundary continues to pressure price, while the lower boundary is still temporarily attracting buyers, causing the trading range to become increasingly tight. What stands out is that every attempt to test the upper side of the pattern has been rejected quickly, showing that buyers still lack the strength needed for a genuine breakout. With bullish momentum repeatedly fading inside the compression zone, the probability of a breakdown below the lower boundary appears higher. My preferred approach is to wait for ETH to lose the lower side of the triangle and produce a clear confirmation signal before considering short positions. The initial target is the 1,870–1,880 area, where dip-buying demand may appear. If ETH breaks above the upper boundary of the triangle and holds firmly above it, the bearish scenario will no longer be valid, as the consolidation structure would begin shifting into a bullish trend. This is only my personal view based on technical analysis. Wishing you successful trading!