Title: 🚨 Bearish Rejection Confirmed: Fading the ETH Relief Rally 📉
The Setup (SHORT
$ETH ):
• Entry Zone: $1,895 - $1,910
• Invalidation / Stop Loss: $1,925 (Structural break above the recent 1H swing high)
• Target 🎯 1: $1,870
• Target 🎯 2: $1,855
• Target 🎯 3: $1,830
The Market Narrative:
With Bitcoin recently falling below $63,000 due to major regulatory delays, the broader crypto market is facing heavy headwinds. Although Ethereum attempted a relief rally, the macro bearish sentiment remains in control, smothering upward momentum as sellers step in at key resistance levels.
The Technical Breakdown:
Looking at the 1-hour chart in image_3b602d.png, ETH is printing a textbook lower-high rejection. After a sharp recovery from the $1,853 lows, the recent bounce pushed directly into a heavy supply block near the $1,915 - $1,920 area. The hourly candles immediately printed a sharp bearish rejection, signaling aggressive seller absorption and buyer exhaustion.
The momentum that drove the initial bounce is rapidly fading, pulling the price back down below the $1,900 level. This structural rejection indicates that the short-term bears remain in control of the current range. The recent upward impulse was likely a liquidity grab designed to trap late longs before a trend continuation to the downside. If the $1,870 support level is lost, it could trigger a rapid cascade toward the recent lows.
What is your game plan right now: are you shorting this rejection or waiting for a deeper drop to accumulate? Let me know below! 👇
#cryptotrading $ETH #TechnicalAnalysis #Ethereum Disclaimer: This is for educational purposes only and is not investment advice. Always do your own research and manage your risk.