ETHUSD failed to maintain buying pressure after the strong rally toward the 1,920 area. Instead of forming a new high, price created its first Lower High (LH), suggesting that bullish momentum is weakening while sellers are beginning to react more aggressively at higher levels.
The appearance of this Lower High just below the short-term descending trendline has interrupted the previous bullish structure. If price continues to face rejection around this area, ETHUSD could correct toward the 1,890–1,895 support zone to test demand before determining its next direction.
At this stage, sellers have only gained a short-term advantage and have not yet confirmed a complete trend reversal. To strengthen the bearish scenario, price would need to break below support and form a new Lower Low (LL). On the other hand, if ETHUSD reclaims the 1,915–1,920 area, the short-term bearish structure will be invalidated and buyers may regain momentum.
This analysis reflects only my personal view. Please make your trading decisions based on your own analysis.
Wishing you successful trading!
The appearance of this Lower High just below the short-term descending trendline has interrupted the previous bullish structure. If price continues to face rejection around this area, ETHUSD could correct toward the 1,890–1,895 support zone to test demand before determining its next direction.
At this stage, sellers have only gained a short-term advantage and have not yet confirmed a complete trend reversal. To strengthen the bearish scenario, price would need to break below support and form a new Lower Low (LL). On the other hand, if ETHUSD reclaims the 1,915–1,920 area, the short-term bearish structure will be invalidated and buyers may regain momentum.
This analysis reflects only my personal view. Please make your trading decisions based on your own analysis.
Wishing you successful trading!
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Decoding smart money moves through volume and market structure.
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🤝 Trader Community
👇 Grow with us:
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منشورات ذات صلة
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.