No Buyers Left: ETH Faces Breakdown After Failed Bounce
🕯️ 1H Candle Close – ETHUSDT
• Close: $3,678.88
• Open: $3,678.81
• High: $3,686.59
• Low: $3,671.00
• Volume: 102,119.83
• Change: +$0.07 (+0.00%)
• Doji Candle: Narrow-range indecision candle
🔍 Precise Technical Analysis
1. Candle Context
• The candle reflects strong indecision: open and close at nearly the same level, following two clear bearish candles
• Price is right at the midline of the Bollinger Bands (MB: $3,634.99), but still above short-term support at $3,665–$3,670
2. Key Indicators
✅ RSI(6): 50.15
• Has dropped from extreme levels >90 to a neutral zone
• Confirms total loss of short-term bullish momentum
🔻 MACD (1H):
• MACD: –1.48 (negative)
• Histogram: entered bearish phase (red)
• DEA and DIF: crossed downward
• Clear sign of active bearish momentum
📉 Decreasing Volume
• Previous candle already showed volume drop — this one decreased even more
• No new buying pressure = bulls are not defending the current level
📌 Tactical Interpretation for Short Entry
✅ Short Setup Confirmations:
Indicator / Behavior Confirmation ✅
Doji indecision candle ✅
RSI dropping from 90 to 50 ✅
Bearish MACD crossover ✅
Falling volume ✅
No bounce from support zone ✅
📉 Bearish Projection if Downtrend Continues
Based on Fibonacci retracement and previous structure:
Key Level Function
$3,638 0.382 Fib / partial support
$3,528 0.236 Fib / stronger support
$3,352 Move base / 0.0 Fib
🧭 Conclusion
This candle confirms the pause in the bullish rebound and leaves the door open for a bearish continuation, especially if the next candle closes below $3,665
🔔 Tactical Recommendation:
You may prepare a staggered short entry or scale-in, as long as:
• Price fails to reclaim $3,700 with strength
• The next candle maintains or strengthens bearish momentum (e.g., red body with rising volume)
