ETH Analysis: Bearish Outlook
From previous price movements, ETH has shown strong reactions after retesting key structural areas. It tested 1943 before pulling back, and after breaking 1770, the decline accelerated.
Currently, ETH tested 1685 and is expected to move lower again. If it manages to rise slightly, it should not surpass 1770, which serves as a major resistance level. If it reaches this zone, the bearish wave could begin under a second scenario.
Overall, this reversal is taking place within a tight reversal zone, with price shifts limited to about 5% between key levels.
The bearish movement is anticipated to unfold as shown in the chart.
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
From previous price movements, ETH has shown strong reactions after retesting key structural areas. It tested 1943 before pulling back, and after breaking 1770, the decline accelerated.
Currently, ETH tested 1685 and is expected to move lower again. If it manages to rise slightly, it should not surpass 1770, which serves as a major resistance level. If it reaches this zone, the bearish wave could begin under a second scenario.
Overall, this reversal is taking place within a tight reversal zone, with price shifts limited to about 5% between key levels.
The bearish movement is anticipated to unfold as shown in the chart.
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Trade active
Target 14 reached and it should move down more.
Note
ETH reacted well near our first resistance area as I expected. The price once again clearly respected the resistance found near 1685, as it has done in the past near to the resistance areas. We had no surprises.
From the current pattern ETH is only going down and once the London Market opens and the volume increases more with with the awakening of the old continent, we could see ETH fall further to 1500 and possibly 1410
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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.
✅MY Free Signals
t.me/TradingPuzzles
✅Personal Telegram
t.me/KlejdiCuni
✅YouTube
youtube.com/@TradingPuzzles
t.me/TradingPuzzles
✅Personal Telegram
t.me/KlejdiCuni
✅YouTube
youtube.com/@TradingPuzzles
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.