ETH has tapped into a key resistance zone, potentially completing a 5-wave Elliott impulsive structure.
We’re also observing bearish divergences across multiple indicators, suggesting weakening bullish momentum.
Additionally, the neckline of a Head & Shoulders pattern has been broken, further supporting the bearish outlook.
I'm targeting the $2,128 level as the next area of interest, aligning with .618 Fib support and previous structure.
On the daily timeframe (D1), the $2,128 level aligns with a local demand zone and major trendlines that are likely to be retested
📉 Let’s see if the market confirms this setup.
We’re also observing bearish divergences across multiple indicators, suggesting weakening bullish momentum.
Additionally, the neckline of a Head & Shoulders pattern has been broken, further supporting the bearish outlook.
I'm targeting the $2,128 level as the next area of interest, aligning with .618 Fib support and previous structure.
On the daily timeframe (D1), the $2,128 level aligns with a local demand zone and major trendlines that are likely to be retested
📉 Let’s see if the market confirms this setup.
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這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。