Ethereum has been quietly building pressure beneath the surface, trapped within a tightening wedge structure that has been compressing price action for months. With volatility reaching historically low levels according to the BBWP indicator, the market is signaling that a major move is imminent — one that could either confirm a powerful recovery or accelerate a deeper decline. In this analysis, we break down the daily and 4-hour charts to map out the key levels, patterns, and scenarios that every ETH trader needs to watch right now. The Bigger Picture: Falling Wedge and Macro Fib Levels Ethereum has been trading within a well-defined falling wedge since the October 2025 highs, making a series of lower highs and lower lows as the structure tightens toward its apex