$ETH flipped old resistance into support — that's textbook bullish structure. But here's the thing: RSI is dropping while price grinds higher. That's bearish divergence. Momentum's fading even as price holds.
This is a classic setup where the chart looks strong but the engine's losing steam. Could be a healthy breather before the next leg, or it could be topping action.
What matters now: does $ETH hold this support zone? If it does and momentum resets, we're fine. If it breaks back below, that's your signal the bulls are tired.
Long-term holders? This is noise. You're holding through cycles. Short-term traders? Watch that support closely and respect the divergence. Patience pays here.
This is a classic setup where the chart looks strong but the engine's losing steam. Could be a healthy breather before the next leg, or it could be topping action.
What matters now: does $ETH hold this support zone? If it does and momentum resets, we're fine. If it breaks back below, that's your signal the bulls are tired.
Long-term holders? This is noise. You're holding through cycles. Short-term traders? Watch that support closely and respect the divergence. Patience pays here.