$ETH
Breakdown from accumulation on volume, but:
- The impulsive uptrend line hasn’t been broken
- Dynamic support is holding (reaction: ~6% bounce)
- Selling pressure is weak → current decline may be corrective
❗️ Daily chart:
Breakdown on good volume, but it may be buyer-driven. Support level: reference bar (already bounced once). For now, buying is weak, volumes are declining.
🎯 Scenarios:
1. Bullish: Return into accumulation range. Breakout and consolidation above key zones → move with targets at $5,000+. The current breakdown could turn out to be a false move.
2. Bearish: If ETH retests the accumulation zone and strong selling resumes. Targets: $3,350, then $2,700. A break of dynamic support and consolidation below $3,500 would confirm downside.
The situation is mixed, but for now there’s more reason to view the decline as a correction, not the start of a global downtrend.
