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
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.