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🪙 Ethereum faced another wave of selling pressure after getting rejected from the upper boundary of its bearish channel on the 15-minute timeframe. For now, there are still no strong signs of buyer dominance, and as long as price remains below the dynamic resistance and channel top, the bearish scenario stays in control.
📉 The key support currently sits around the $2103 area, and losing this level could become a strong trigger for a fresh bearish move. If price breaks below this support, ETH could first move toward the channel midline and then potentially retest the lower boundary of the channel.
🕯 One of the most important confirmations for this short scenario would be increasing sell volume during the breakdown. Without strong volume participation, the risk of a fakeout and sharp reversal remains high, especially since the market is still moving inside a compressed short-term structure.
🧮 On the other hand, RSI is also showing signs of weakening bullish momentum, with the 41 level becoming an important zone to watch. If RSI manages to stabilize below this level, the probability of continued selling pressure and further downside movement increases significantly.
⚠️ Risk management and capital management are the most important parts of trading. Always trade based on your own strategy and risk tolerance. Every trade and trading decision is entirely your own responsibility.
🪙 Ethereum faced another wave of selling pressure after getting rejected from the upper boundary of its bearish channel on the 15-minute timeframe. For now, there are still no strong signs of buyer dominance, and as long as price remains below the dynamic resistance and channel top, the bearish scenario stays in control.
📉 The key support currently sits around the $2103 area, and losing this level could become a strong trigger for a fresh bearish move. If price breaks below this support, ETH could first move toward the channel midline and then potentially retest the lower boundary of the channel.
🕯 One of the most important confirmations for this short scenario would be increasing sell volume during the breakdown. Without strong volume participation, the risk of a fakeout and sharp reversal remains high, especially since the market is still moving inside a compressed short-term structure.
🧮 On the other hand, RSI is also showing signs of weakening bullish momentum, with the 41 level becoming an important zone to watch. If RSI manages to stabilize below this level, the probability of continued selling pressure and further downside movement increases significantly.
⚠️ Risk management and capital management are the most important parts of trading. Always trade based on your own strategy and risk tolerance. Every trade and trading decision is entirely your own responsibility.
Publications connexes
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Publications connexes
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.