📉 $ETH The one-hour chart just broke through support, current price is 1682.93.
The bearish structure is holding strong, any bounce here should be seen as a risk release.
🚨 The EMA144 overhead is pressing down at 1710.87, all moving averages have turned into resistance.
Don’t be fooled by the volume being 1.73x, the buying pressure isn’t enough.
At this stage, we’re playing it neutral, leaning towards bearish consolidation.
👀 Keep an eye on the 1710.87 defense level, let’s see if it can reclaim it.
If it can’t, we’re likely to keep pushing down, and we’ll need to reassess the logic.
Waiting for confirmation, no rush.
⚠️ N.F.A. For reference only.👇️
#BTC #ETH $BTC $ETH
The bearish structure is holding strong, any bounce here should be seen as a risk release.
🚨 The EMA144 overhead is pressing down at 1710.87, all moving averages have turned into resistance.
Don’t be fooled by the volume being 1.73x, the buying pressure isn’t enough.
At this stage, we’re playing it neutral, leaning towards bearish consolidation.
👀 Keep an eye on the 1710.87 defense level, let’s see if it can reclaim it.
If it can’t, we’re likely to keep pushing down, and we’ll need to reassess the logic.
Waiting for confirmation, no rush.
⚠️ N.F.A. For reference only.👇️
#BTC #ETH $BTC $ETH