#ETH falling wedge?

📊#ETH falling wedge?

🧠From a structural perspective, the yellow support zone was broken yesterday, so it turned into a resistance zone. Although there was a good touch response yesterday, it was a pity that the bullish power did not continue. The breaking of the bullish defense point means that a larger short structure has appeared. Therefore, we cannot be too optimistic before the reversal structure of the same cycle is built.

➡️From a graphical perspective, there is a chance to form a falling wedge here. If this scenario is established, we can observe the support performance near the large cycle rising trend line to decide whether to participate in long transactions.

Let's see 👀

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