$ETH โ Bear Flag Breakdown Warning ๐๐
The daily chart is sending some serious signals right now that every ETH holder needs to understand.
What the chart is showing:
1๏ธโฃ Bear Flag Breakout:
๐ ETH just broke down from a Bear Flag pattern on 1D
โ ๏ธ Bear flags are continuation patterns โ bearish momentum signal
๐ Breakdown confirmed on daily timeframe
2๏ธโฃ Key Levels Already Tested:
๐ด Untapped FVG around $2,395 โ taken out
๐ด Bearish reclaim of Key S/R level at $2,151
๐ Both factors confirming bearish momentum still in control
3๏ธโฃ EQLs Acting as Price Magnet:
๐ Equal lows sitting around $1,537
๐ These are currently acting as downside magnet
โ ๏ธ Price magnets often get tested before reversal
Possible downside targets if bearish structure continues:
๐ฏ First target: $1,537 โ Equal lows zone
๐ฏ Macro bottom zone: $1,190 โ $1,148
What would invalidate bearish structure:
โ
Clean break and hold above $2,395
โ
Strong volume on recovery above key S/R
โ
Daily close reclaiming Bear Flag structure
Important reminder:
โ ๏ธ Bear flag breakdowns can be fakeouts
โ ๏ธ Always wait for confirmation at each level
โ ๏ธ Macro bottom zones take time to form
๐ง Understanding structure beats reacting emotionally
If you hold ETH โ these are the levels worth watching closely over coming weeks. ๐
DYOR โ Not financial advice! ๐
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