Ethereum’s Uptrend Is Cracking — Is a Dump Inevitable?
#ETH Coin: $ETH | Type: SHORT (Spot Only)
📊 Chart Breakdown:
Ethereum just printed a textbook bearish divergence — and it’s raising major red flags. 🚩
While price continues making higher highs, RSI is doing the opposite — lower highs.
This momentum mismatch signals that bulls are running out of steam. 😬
📉 Key Technicals:
ETH riding an ascending channel for days
But now, the price has broken the lower trendline 🔻
Confirmation candle just closed below support
Momentum shift is in play — trend reversal ahead?
🎯 Bearish Target Zone:
Looking at the $3,500–$3,600 range as the first landing zone
A break below that could invite deeper downside…
📌 Don’t Ignore TOTAL2!
The Total Altcoin Market Cap (TOTAL2) chart says the same thing:
Bearish divergence on the daily
Channel broken
Target around $1.2T — a major support level 📉
Altcoin bulls: Stay alert — this isn’t just about ETH.
💰 Spot Trade Idea:
Entry: $4413.82
TP1: $4351.58
TP2: $4211.02
Stop-Loss: Based on your risk management 🛡️
This is not financial advice — trade wisely and protect capital. 🔐
⚠️ Why This Matters:
This may be the start of a bigger correction across the altcoin space.
Charts don't lie — and momentum is flipping. 🧨
📢 What You Should Do:
✅ Monitor key ETH levels closely
✅ Track TOTAL2 for macro alt signals
✅ Hit Follow for real-time alerts & live setups 🚀
✅ Check my BIO for more spot setups
#Ethereum
#ETH #CryptoSignal #BearishDivergence #Altcoins #BinanceSquare #BinanceLive
#CryptoTrends2024 ptoTA #RSI
#TrendReversal