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ETH'S BEARISH STRUCTURE PREDOMINATES - IS THE DEATH ZONE $1,900 CALLING?
$ETH is going through tense trading hours as the Sellers continuously increase pressure, pushing prices close to sensitive support zones. Is this a bottom-fishing opportunity or a trap leading to a deeper abyss?
🔷 Technical Structure Being Dominated by Bears
Looking at the 4H and 1H charts, the overall picture of ETH is clearly leaning towards a downtrend:
Lower Highs - Lower Lows Structure: On the H4 timeframe, ETH has clearly confirmed a downtrend with subsequent highs lower than the previous highs and subsequent lows lower than the previous lows.
🔷 Technical Structure Being Dominated by Bears
Looking at the 4H and 1H charts, the overall picture of ETH is clearly leaning towards a downtrend:
Lower Highs - Lower Lows Structure: On the H4 timeframe, ETH has clearly confirmed a downtrend with subsequent highs lower than the previous highs and subsequent lows lower than the previous lows.
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