$ETH .D looks like the strength that was building here is starting to fade and it’s happening right at support, not later in the move.
Ideally, the 100 SMA retest should’ve given a solid bounce, with resistance showing around 11.35%. Instead, the bounce couldn’t even hold as a proper retest, let alone continue higher. That’s a sign of weakness.
If this continues, ETH dominance could start to roll over.
There’s also a potential head-and-shoulders forming here, which would add further bearish confirmation if it plays out.