🔍 Technical Outlook:
1. Repeated Rejection at Key Resistance (2730–2750):
Price has failed multiple times to break above this zone, forming what resembles a triple top structure — a classic bearish reversal pattern.
2. High-Probability Supply Zone:
The marked red zone acts as a supply area, where sell-side pressure historically overwhelms buyers. This adds confluence to a potential downside move.
3. Bearish Divergence Indication:
Price makes equal or slightly higher highs while the Stochastic oscillator begins to slope downward — a signal of momentum weakening.
4. EMA as Dynamic Resistance:
Price is rejecting the 50 EMA from below, reinforcing short-term bearish momentum.
5. Risk-Reward Setup:
Entry Zone: Around 2613
Stop Loss: 2734.87 (above resistance)
Take Profit: 2249.44 (previous demand zone)
RR Ratio: 1:3 — favorable for swing positioning
📉 Conclusion:
This is a clean bearish setup backed by structure, momentum loss, and repeated rejection from a well-defined supply zone. Unless ETH can break and close above 2750 with volume, the path of least resistance appears to be to the downside.
> *“As professionals, we don’t predict — we react. And this chart is signaling: prepare for a shift.”*
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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.