📊 Key Observations:
Trend Shift: After peaking near 4,700, ETH rejected strongly with a caution signal at the top, marking a possible exhaustion zone.
Sell Signals: Multiple sell triggers emerged after the top, showing sellers defending resistance levels.
Liquidity Zone: Price is consolidating under the 4,434 – 4,480 area, which is acting as fresh resistance.
Moving Averages: Short-term averages have crossed downward, aligning with bearish momentum.
📉 Current Setup:
Entry region: Around 4,408 – 4,434 (resistance rejection area).
Target zone: 4,009 – 4,040 (highlighted objective area).
Stop level: Above 4,480 (recent supply zone).
🔎 Reasoning:
Lower highs are forming after the recent peak.
Strong sell presence above 4,400s.
Breakdown structure suggests continuation toward the 4,200 handle, with an extended target closer to 4,009.
Market caution markers confirm a potential trend reversal zone already formed earlier.
✅ETHUSD is in a bearish continuation phase unless bulls reclaim 4,480+. Watching the 4,200 and 4,009 levels as key downside objectives.
⚠️ Disclaimer:
This analysis is for educational purposes only and does not constitute financial advice. Always do your own research and manage risk before making trading decisions.
Trend Shift: After peaking near 4,700, ETH rejected strongly with a caution signal at the top, marking a possible exhaustion zone.
Sell Signals: Multiple sell triggers emerged after the top, showing sellers defending resistance levels.
Liquidity Zone: Price is consolidating under the 4,434 – 4,480 area, which is acting as fresh resistance.
Moving Averages: Short-term averages have crossed downward, aligning with bearish momentum.
📉 Current Setup:
Entry region: Around 4,408 – 4,434 (resistance rejection area).
Target zone: 4,009 – 4,040 (highlighted objective area).
Stop level: Above 4,480 (recent supply zone).
🔎 Reasoning:
Lower highs are forming after the recent peak.
Strong sell presence above 4,400s.
Breakdown structure suggests continuation toward the 4,200 handle, with an extended target closer to 4,009.
Market caution markers confirm a potential trend reversal zone already formed earlier.
✅ETHUSD is in a bearish continuation phase unless bulls reclaim 4,480+. Watching the 4,200 and 4,009 levels as key downside objectives.
⚠️ Disclaimer:
This analysis is for educational purposes only and does not constitute financial advice. Always do your own research and manage risk before making trading decisions.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.