🕯 ETH ANALYSIS
ETH is testing a key long-term descending resistance trendline following a strong recovery from support.
A rejection from this area could send price back toward the $1,500–$1,550 demand zone. However, a confirmed breakout and hold above the trendline would signal a bullish shift in momentum.
Until a breakout is confirmed, the overall trend remains bearish.$ETH #signal #eth #bearish
ETH is testing a key long-term descending resistance trendline following a strong recovery from support.
A rejection from this area could send price back toward the $1,500–$1,550 demand zone. However, a confirmed breakout and hold above the trendline would signal a bullish shift in momentum.
Until a breakout is confirmed, the overall trend remains bearish.$ETH #signal #eth #bearish