Hi!
ETH has decisively broken its rising trendline, confirming a shift in short-term market structure. After the breakdown, price retraced into the former support zone (now acting as a flip area), which served as a corrective move rather than a bullish reclaim.
With the flip area holding as resistance, downside pressure remains dominant. If momentum continues, ETH could extend the move lower toward the $2,630 target zone, which aligns with a key demand area on the chart.
Overall bias stays bearish below the flip area, with any weak bounces likely to be corrective.
ETH has decisively broken its rising trendline, confirming a shift in short-term market structure. After the breakdown, price retraced into the former support zone (now acting as a flip area), which served as a corrective move rather than a bullish reclaim.
With the flip area holding as resistance, downside pressure remains dominant. If momentum continues, ETH could extend the move lower toward the $2,630 target zone, which aligns with a key demand area on the chart.
Overall bias stays bearish below the flip area, with any weak bounces likely to be corrective.
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🟢 Telegram channel: t.me/melikatrader94
🔴 Forex channel: t.me/melikatrader94GoldForex
🟢 ADX & DFM channel: t.me/ADXandDFM
🔴 Tiktok: tiktok.com/@melikatrader94?is_from_webapp=1&sender_device=pc
🔴 Forex channel: t.me/melikatrader94GoldForex
🟢 ADX & DFM channel: t.me/ADXandDFM
🔴 Tiktok: tiktok.com/@melikatrader94?is_from_webapp=1&sender_device=pc
Pubblicazioni correlate
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.