ETH - How this Drop was PredictedEthereum / TetherUSBINANCE:ETHUSDTVIAQUANTETH continues to break down from its Ascending Triangle/Rising Wedge. Rather than just pointing at the current price action, I want to use this post as an educational walkthrough of exactly why ETH kept getting rejected at $2,400 and why it is now trading below $2,000 again. The best way to do that is to walk through my previous ideas in chronological order and show how each piece of the puzzle was identified well in advance. October 9, 2025: The Macro Double Top Just three days after BTC hit its market cycle top of $126,000 on October 6, 2025, I outlined that ETH had likely formed a double top and was beginning its bear market: February 5, 2026: Predicting the Low and the Rally When ETH was trading at $1,875 I outlined it was likely to fall to either $1,752 or $1,700 before staging a rally back toward $2,450: ETH bottomed at $1,747 and rallied to a high of $2,466. Both targets were hit with an extremely minuscule margin of error months in advance! March 5, 2026: Breakout Targets and the First Sign of $2,400 Resistance I outlined ETH's breakout targets with a measured move around $2,650 for that particular pattern. However due to ETH/BTC weakness, price was only able to reach "Target 1". This is where the structural resistance at $2,400 began to be established alongside the weakness ETH was showing against Bitcoin: April 17, 2026: Early Signs of Weakness On April 17th, when the entire market was euphoric following the headline that the Strait of Hormuz would be fully reopened, I outlined the structural weakness ETH was quietly developing beneath the surface. This idea was selected by TradingView as an Editor's Pick! April 19, 2026: The 3D Double Top Just two days later I highlighted ETH's double top forming on the 3D line chart: That double top ended up becoming a triple top by May 1, 2026. April 27, 2026: The $2,400 Supply Zone Revisited I continued to outline the structural resistance and the critical importance of the $2,380 to $2,400 supply zone: May 5, 2026: Both Scenarios Laid Out I outlined both the bullish pattern (ascending triangle) and the bearish pattern (rising wedge) that were forming simultaneously for ETH: Both broke down. When the bearish breakdown was actively occurring I documented it in real time here: May 6, 2026: The 2D Gravestone Doji I outlined the second gravestone doji that formed on the 2D chart, which combined with the RSI once again marked the top of that uptrend before this drop: One additional signal I used during that period to further confirm the setup was the 2D EMA Ribbon. Here is what that ribbon looks like and how perfectly ETH has respected the upper range of the ribbon throughout this entire structure: Where Does ETH Go From Here? Price is now approaching the breakdown target of the rising wedge around $1,820. I have also added the measured move of the current pattern which comes in closer to $1,850. Watch both of those levels for a potential bounce. However, for a true macro bottom to form for ETH I am closely monitoring and waiting for a liquidity sweep below $1,750. That would be one of the strongest bottoming signals possible for ETH if the right structural signals confirm below that level. As always I will be posting in real time when that development occurs. My goal with this post is to bring real educational value. Now that this move is nearing completion, I encourage you to go back through the related ideas linked above that preceded this dump and study each one carefully. Understanding how each signal built on the previous one is how you develop the ability to anticipate these moves rather than react to them. Follow @VIAQUANT for the charts that matter most in real time! Thanks for reading.