Description:
Ethereum (ETH/USDT) is showing strong signs of a bearish reversal on the 1H timeframe, with a clear descending triangle breakdown forming near resistance.
🔹 Technical Analysis:
Price is trading below the descending trendline, indicating a lack of bullish momentum.
Strong resistance zone around $1880-$1900 (highlighted in red), which ETH failed to break multiple times.
Breakdown from a key support zone at $1850, confirming seller dominance.
Bearish order blocks & supply zones suggest institutional selling pressure.
Liquidity sweep above key levels, indicating smart money manipulation before the drop.
Bearish divergence on RSI & declining volume, signaling weakening bullish strength.
🔻 Trade Plan:
✅ Entry: Below $1855-$1860 confirmation of breakdown.
🎯 Targets:
TP1: $1810 (local support)
TP2: $1720 (key Fibonacci level)
TP3: $1650-$1600 (major demand zone)
🚨 Stop-Loss: Above $1885-$1900 to avoid market manipulation wicks.
⚖️ Risk-Reward Ratio: 1:3+, maintaining a disciplined approach to capital protection.
📉 Final Thoughts:
ETH is struggling to gain momentum, with lower highs and lower lows confirming a bearish structure. A clean break below $1850-$1860 could open the door for a further decline, with sellers taking control.
💬 Let me know your thoughts! Are you bearish or bullish on ETH? Drop your analysis in the comments!
Ethereum (ETH/USDT) is showing strong signs of a bearish reversal on the 1H timeframe, with a clear descending triangle breakdown forming near resistance.
🔹 Technical Analysis:
Price is trading below the descending trendline, indicating a lack of bullish momentum.
Strong resistance zone around $1880-$1900 (highlighted in red), which ETH failed to break multiple times.
Breakdown from a key support zone at $1850, confirming seller dominance.
Bearish order blocks & supply zones suggest institutional selling pressure.
Liquidity sweep above key levels, indicating smart money manipulation before the drop.
Bearish divergence on RSI & declining volume, signaling weakening bullish strength.
🔻 Trade Plan:
✅ Entry: Below $1855-$1860 confirmation of breakdown.
🎯 Targets:
TP1: $1810 (local support)
TP2: $1720 (key Fibonacci level)
TP3: $1650-$1600 (major demand zone)
🚨 Stop-Loss: Above $1885-$1900 to avoid market manipulation wicks.
⚖️ Risk-Reward Ratio: 1:3+, maintaining a disciplined approach to capital protection.
📉 Final Thoughts:
ETH is struggling to gain momentum, with lower highs and lower lows confirming a bearish structure. A clean break below $1850-$1860 could open the door for a further decline, with sellers taking control.
💬 Let me know your thoughts! Are you bearish or bullish on ETH? Drop your analysis in the comments!
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.