ETH Structure Update: Bearish Shift? 📉
The setup on ETH is looking increasingly fragile. We’ve seen a clear breakdown of the support trendline on the 15m timeframe, which is a major red flag for the bulls.
On the 5m chart, price is consolidating right at the edge of a potential drop. If we don’t see an immediate recovery, the path of least resistance looks downward.
My Plan:
Bias: Short 🐻
Reasoning: Trendline breakdown on 15m + bearish structure on 5m.
Execution: Waiting for a clean break and retest to confirm the downward move.
Not financial advice—always manage your risk properly. Let’s see how this plays out! 👇
#AliAnsariFx #ETH #CryptoTrading #ShortPosition $ETH
Note: If the price suddenly breaks back above the trendline with high volume, please invalidate this short setup immediately. Always prioritize your stop-loss!