Is ETH in danger? The ascending wedge warning has sounded, and Ethereum could plummet by 22%

Recently, ETH's price movement has made many people start to feel nervous.
Technical analysis shows that Ethereum is forming a classic "ascending wedge," which is usually seen as a warning sign in the market. If it breaks below the key support, the potential decline could reach 22%.
Many seasoned traders reflexively think: "It's over, another dip is coming."
Why is the market so tense? Because ETH's current position is very awkward. The upward momentum is lacking, but there are too many profit-taking orders below. Once market sentiment weakens, a stampede could easily occur.
More importantly, the entire crypto market has entered a "high sensitivity phase." The Federal Reserve, ETFs, regulations, whale manipulations—any small movement could trigger big volatility.
But what's most interesting is that, despite everyone shouting danger, on-chain data shows many whales are still secretly accumulating ETH.
Thus, the market has entered a classic scenario: retail investors fear a drop, while whales fear missing out on buying.
Some netizens even joked: "ETH isn't about to fall 22%, it's preparing to scare away 22% of retail investors first."
Of course, technical patterns are not 100% accurate. The most magical thing in the crypto world is that it often causes all analysts to fail simultaneously.
Those who were bearish yesterday might chase the rally today; those calling for a crash today might change their tune tomorrow and say the bull market is restarting.
In one sentence: The most dangerous thing about ETH right now isn't just the technical pattern, but the market sentiment has already begun to show clear divergence. #Gate广场五月交易分享