$ETH just lost its rising channel and broke below the accumulation range on the 12H chart. That's a structural shift worth watching.
The $2,400 support didn't hold. Now we're testing $2,310 (Fib level). If sellers keep pushing, next stops are $2,160–$2,105.
Structure's leaning bearish, but I want to see a confirmed 12H close below the range before calling it a clean breakdown. A quick bounce back above $2,400 could still make this a fakeout.
Key question: does $ETH reclaim the range, or do we drift lower? Watch the close. Patience here — no need to force a trade until the picture clears up. If you're long-term, weakness near $2,160–$2,105 could be an add zone if macro still supports the cycle thesis.
The $2,400 support didn't hold. Now we're testing $2,310 (Fib level). If sellers keep pushing, next stops are $2,160–$2,105.
Structure's leaning bearish, but I want to see a confirmed 12H close below the range before calling it a clean breakdown. A quick bounce back above $2,400 could still make this a fakeout.
Key question: does $ETH reclaim the range, or do we drift lower? Watch the close. Patience here — no need to force a trade until the picture clears up. If you're long-term, weakness near $2,160–$2,105 could be an add zone if macro still supports the cycle thesis.