$ETH โ Bearish Outlook ๐
Ethereum is approaching a key resistance zone after an impulsive rally, while momentum appears increasingly stretched. Chasing price at these levels offers poor risk-to-reward, and a healthy pullback remains a strong possibility.
What I'm Watching:
โข Rejection from major resistance.
โข Decreasing bullish momentum on lower timeframes.
โข Potential liquidity sweep before a downside move.
โข A break below short-term support could accelerate selling pressure.
Bias: Bearish (until resistance is convincingly reclaimed)
: Always wait for confirmation and manage your risk before entering any trade.
#ETH #EthSignal #Ethereum
Ethereum is approaching a key resistance zone after an impulsive rally, while momentum appears increasingly stretched. Chasing price at these levels offers poor risk-to-reward, and a healthy pullback remains a strong possibility.
What I'm Watching:
โข Rejection from major resistance.
โข Decreasing bullish momentum on lower timeframes.
โข Potential liquidity sweep before a downside move.
โข A break below short-term support could accelerate selling pressure.
Bias: Bearish (until resistance is convincingly reclaimed)
: Always wait for confirmation and manage your risk before entering any trade.
#ETH #EthSignal #Ethereum