$ETH – FORMATION OF A BEARISH SITUATION BELOW THE LEVEL OF Resistance AT $3,865
REJECTION AT $3,865.64 WITH SIDEWAYS CONSOLIDATION
LOWER WICKS OF CANDLES AND DECREASING VOLUME SIGNAL A POSSIBLE REVERSE
$ETH SPIKED TO $3,865.64, BUT NOW SHOWS SIGNS OF EXHAUSTION AS THE PRICE CONSOLIDATES AROUND $3,826.17. BULLISH MOMENTUM HAS STAGNATED, AND CANDLES ARE FORMING LOWER WICKS WITH DECREASING VOLUME. IF THE PRICE BREAKS BELOW $3,780, IT MAY OPEN THE DOOR FOR A DEEP RETRACEMENT TO $3,732 AND $3,684.
SHORT-TERM ENTRY: $3,825 – $3,835
TARGET 1: $3,780
TARGET 2: $3,720
STOP-LOSS: $3,875
REJECTION NEAR THE TOP AND DETERIORATING MOMENTUM SIGNAL SAFETY — BEARS MAY TAKE CONTROL IF SUPPORT CRUMBLES.
