⚠️ The $ETH coin is heading toward a new test before resuming the decline
🔴 Technical direction: sharp drop with a strong bearish candle after rejection of the higher supply zone
📍 Observation 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
❌ Scenario cancellation: an hourly candle closes above 2,475.00
💡 Technical rationale: the price is currently trading with strong selling pressure below the fast moving averages, after being subjected to a decisive rejection in the red supply zones.
🔴 Technical direction: sharp drop with a strong bearish candle after rejection of the higher supply zone
📍 Observation 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
❌ Scenario cancellation: an hourly candle closes above 2,475.00
💡 Technical rationale: the price is currently trading with strong selling pressure below the fast moving averages, after being subjected to a decisive rejection in the red supply zones.
