This chart shows a clear loss of momentum after a long-term uptrend.
The trendline supported the price for years, confirmed multiple times (green arrows).
Price broke below the trendline and failed to reclaim it (red arrows = rejection).
We're seeing a potential triple top pattern with lower highs (blue curves), a classic distribution signal.
📉 Last candle confirms breakdown structure — lower highs, and now lower lows.
I'm not saying ETH is dead.
But for me, this is not a buy.
Until it reclaims the trendline or shows true strength with a breakout and volume, I'm staying out.
Thanks For Reading.
The trendline supported the price for years, confirmed multiple times (green arrows).
Price broke below the trendline and failed to reclaim it (red arrows = rejection).
We're seeing a potential triple top pattern with lower highs (blue curves), a classic distribution signal.
📉 Last candle confirms breakdown structure — lower highs, and now lower lows.
I'm not saying ETH is dead.
But for me, this is not a buy.
Until it reclaims the trendline or shows true strength with a breakout and volume, I'm staying out.
Thanks For Reading.
🚀Get free crypto signals, strategies, market insights & tools I personally use.
📌 t.me/cryptolvke
📌 t.me/cryptolvke
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.
🚀Get free crypto signals, strategies, market insights & tools I personally use.
📌 t.me/cryptolvke
📌 t.me/cryptolvke
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.