Ethereum just showed a strong rejection from its key resistance area, confirming seller pressure at the top. After testing the upper zone, price quickly pulled back, indicating that bulls are losing momentum and bears are taking control in the short term.
📉 Observation:
The 30-minute candle clearly shows a rejection wick at the resistance zone — a classic sign of a potential short-term reversal.
💡 My View:
If $ETH fails to break above this resistance on the next few candles, we could see a downside move or a retest of lower support levels before another bullish attempt.
