$ETH might be setting up a Hidden Bearish Divergence, but don't jump the gun — it's not confirmed yet.
Price is testing the prior high while RSI has already shoved deep into overbought. Classic early warning sign.
What I'm waiting for: price needs to fail at or below that last swing high and start rejecting. I want clean candle structure and momentum rolling over. If that plays out — lower price high paired with higher RSI high — then we've got genuine Hidden Bearish Divergence. That would reinforce the view that this is just a corrective bounce inside a bigger downtrend.
Confirmation first. Prediction second. Always.
Stay patient, respect the structure, and don't front-run the signal.
Price is testing the prior high while RSI has already shoved deep into overbought. Classic early warning sign.
What I'm waiting for: price needs to fail at or below that last swing high and start rejecting. I want clean candle structure and momentum rolling over. If that plays out — lower price high paired with higher RSI high — then we've got genuine Hidden Bearish Divergence. That would reinforce the view that this is just a corrective bounce inside a bigger downtrend.
Confirmation first. Prediction second. Always.
Stay patient, respect the structure, and don't front-run the signal.