🔍 Chart Breakdown
$ETH has rallied into the $1.77K-$1.80K resistance zone.
The recovery has been strong.
Now buyers face their first real test.
Momentum is starting to slow.
Until this resistance is reclaimed with conviction, I remain cautiously bearish.
Here's what I'm watching:
• Resistance holding around $1.77K-$1.80K
• Momentum continuing to fade
• Sellers stepping back into the market
• A confirmed close above $1.80K invalidating my bearish bias
💡 Key Takeaway
Strong rallies often slow down at major resistance.
The reaction that follows tells us far more than the rally itself.
💬 Would you short this resistance, or wait for a confirmed breakout?
#Ethereum #ETH #PriceAction #MarketStructure #CryptoTrading
$ETH has rallied into the $1.77K-$1.80K resistance zone.
The recovery has been strong.
Now buyers face their first real test.
Momentum is starting to slow.
Until this resistance is reclaimed with conviction, I remain cautiously bearish.
Here's what I'm watching:
• Resistance holding around $1.77K-$1.80K
• Momentum continuing to fade
• Sellers stepping back into the market
• A confirmed close above $1.80K invalidating my bearish bias
💡 Key Takeaway
Strong rallies often slow down at major resistance.
The reaction that follows tells us far more than the rally itself.
💬 Would you short this resistance, or wait for a confirmed breakout?
#Ethereum #ETH #PriceAction #MarketStructure #CryptoTrading