ETH Looking Ready to Melt! 📉🔥
Ethereum is showing a classic bearish structure on the lower timeframes. After that initial pump, we’ve seen a series of Lower Highs forming within a tight descending channel.
The Setup: Price is struggling to break above the diagonal resistance.
Volume Check: Seeing some exhaustion at the local peaks.
Target: If we lose the current support level at $2,320, expect a quick slide down to the $2,300 psychological level.
Patience is key. Wait for the breakdown or a clean rejection before jumping in. What’s your move on ETH? Let’s discuss below! 👇