⚠️ Coin $ETH is heading to a retest before resuming the downtrend
🔴 Technical Direction: Sharp decline with a strong bearish candle after rejection from the upper supply zone
📍 Monitoring Zone: 2,440.00 – 2,455.00
🎯 Price Correction Targets:
• Target 1: 2,413.28
• Target 2: 2,398.17
• Target 3: 2,382.86
❌ Invalidation of the Scenario: A 1-hour candle close above 2,475.00
💡 Technical Rationale: The price is currently trading under intense bearish pressure below the fast moving averages, following a decisive rejection at the red supply zones.
🔴 Technical Direction: Sharp decline with a strong bearish candle after rejection from the upper supply zone
📍 Monitoring Zone: 2,440.00 – 2,455.00
🎯 Price Correction Targets:
• Target 1: 2,413.28
• Target 2: 2,398.17
• Target 3: 2,382.86
❌ Invalidation of the Scenario: A 1-hour candle close above 2,475.00
💡 Technical Rationale: The price is currently trading under intense bearish pressure below the fast moving averages, following a decisive rejection at the red supply zones.
