Hello Traders 👋
Looking at the ETHUSD (Ethereum vs USD) chart, price action recently gave us some important signals worth noting.
🔹 Trendline Break – The ascending trendline that supported ETH for several weeks has been broken, indicating weakness in bullish momentum.
🔹 Break of Structure (BOS) – Multiple BOS levels on the chart confirm sellers are currently in control. This means the market is no longer making higher highs and higher lows, but instead shifting toward lower highs and lower lows.
🔹 Support & Resistance Zones – After the breakdown, ETH retested the previous support area (now acting as resistance). Sellers stepped in strongly, and the rejection suggests continuation to the downside.
🔹 Possible Bearish Scenario – If the price fails to reclaim the broken structure, we may see a continuation of the bearish move, with targets around the next support zone.
🔹 Bullish Invalidations – For the bullish side to regain control, price must break back above the resistance zone and maintain higher closes. Until then, market structure favors sellers.
This analysis is for educational purposes only and not financial advice.
Looking at the ETHUSD (Ethereum vs USD) chart, price action recently gave us some important signals worth noting.
🔹 Trendline Break – The ascending trendline that supported ETH for several weeks has been broken, indicating weakness in bullish momentum.
🔹 Break of Structure (BOS) – Multiple BOS levels on the chart confirm sellers are currently in control. This means the market is no longer making higher highs and higher lows, but instead shifting toward lower highs and lower lows.
🔹 Support & Resistance Zones – After the breakdown, ETH retested the previous support area (now acting as resistance). Sellers stepped in strongly, and the rejection suggests continuation to the downside.
🔹 Possible Bearish Scenario – If the price fails to reclaim the broken structure, we may see a continuation of the bearish move, with targets around the next support zone.
🔹 Bullish Invalidations – For the bullish side to regain control, price must break back above the resistance zone and maintain higher closes. Until then, market structure favors sellers.
This analysis is for educational purposes only and not financial advice.
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Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.