ETH - Potential Rejection Here !

ETH is at a point where a market maker can use it as a trap.

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If ETH continues to follow the 2018 cycle, it is currently at the capitulation point.

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BTC has already entered the blow off phase and ETH is getting ready to go there.
It is currently in an area of strong resistance.
Fakeout to capture traders is possible.

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As I wrote last time, the market does not change.
If ETH breaks the point around $1060, it will trigger a blow off phase.

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I'm surprised how many traders are bullish right now.
Looking at the chart, I don't see anything bullish, maybe just a bull trap.
I will only change my mind if there is a valid closing back above the support, but that won't happen...

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If this rocket takes off, I wonder where it will go before it explodes.

trader-123456

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trader-123456