๐ Chart Breakdown:
Ethereum just threw out a classic bearish divergence โ and itโs not a good look.
Price action: Higher highs inside an upward channel ๐
Momentum (RSI): Lower highs ๐ โ buying pressure is fading
๐จ The Break Has Happened:
ETH has cracked below the channelโs lower trendline โ a major signal the uptrend could be done.
๐ฏ Watch next: $3,500โ$3,600 zone as the first real support target.
๐ TOTAL2 Agrees:
The total altcoin market cap is showing the exact same bearish divergence.
Rising channel broken
Target near $1.2T โ a key support zone
If that plays out, we could be staring at a broad altcoin pullback ๐ฑ.
๐ฐ Spot Trade Setup:
Entry: 4413.82
TP1: 4351.58
TP2: 4211.02
SL: Set per your risk tolerance โ ๏ธ
โ ๏ธ Why It Matters:
This isnโt just ETH โ TOTAL2โs structure hints the whole alt market could correct. Patience and discipline will protect your capital ๐ก๏ธ.
๐ข Your Move:
โก๏ธ Track these levels closely if youโre trading spot
โก๏ธ Follow for real-time market signals & setups ๐