$ETH just printed a 24-hour range of 5.39% — yet the last three 4H candles are red. That divergence is the entire story right now.
Price pushed to 2807, failed, and has been leaking lower. The 4H EMA7 at 2726 is now the pivot — price is sitting directly on it. The unmitigated bearish FVG between 2743 and 2761 rejected price twice in the last 12 hours, flipping the short-term trend to DOWNTREND.
But the internals whisper otherwise. Funding is positive at 0.0095% — longs are paying to hold. The Long/Short ratio at 2.38 means the crowd is heavily net long. That one-sided positioning often gets tested before a real move.
The invalidation zone sits around 2633 — lose that on a 4H close and the bullish structure is off. Until then, the objective near 2862 stays viable, but only if price reclaims and holds above the 2743–2761 supply. Right now it can't.
My read: the longer price sits below 2743 without reclaiming it, the more likely a test of the 2660s comes before any push higher.
Tap $ETH to pull up the chart and read these levels yourself.
Which zone are you watching more closely — the 2743 supply above or the 2660 support below? 👇
Follow for the next read on this chart.
⚠️ Not financial advice. DYOR.
#ETH #Ethereum #Crypto #BinanceSquare
Price pushed to 2807, failed, and has been leaking lower. The 4H EMA7 at 2726 is now the pivot — price is sitting directly on it. The unmitigated bearish FVG between 2743 and 2761 rejected price twice in the last 12 hours, flipping the short-term trend to DOWNTREND.
But the internals whisper otherwise. Funding is positive at 0.0095% — longs are paying to hold. The Long/Short ratio at 2.38 means the crowd is heavily net long. That one-sided positioning often gets tested before a real move.
The invalidation zone sits around 2633 — lose that on a 4H close and the bullish structure is off. Until then, the objective near 2862 stays viable, but only if price reclaims and holds above the 2743–2761 supply. Right now it can't.
My read: the longer price sits below 2743 without reclaiming it, the more likely a test of the 2660s comes before any push higher.
Tap $ETH to pull up the chart and read these levels yourself.
Which zone are you watching more closely — the 2743 supply above or the 2660 support below? 👇
Follow for the next read on this chart.
⚠️ Not financial advice. DYOR.
#ETH #Ethereum #Crypto #BinanceSquare
