$ETH ETH PRICE UPDATE
COIN NAME: #ETH
Position: Long
In this 30-minute Ethereum chart is forming a bear flag, a classic bearish continuation pattern. After a sharp downward move, ETH has been consolidating within a rising parallel channel. This structure typically signals a pause before the downtrend resumes. Despite short-term upward movements, the broader trend remains bearish. The RSI is also struggling below the supply zone, showing weak momentum with no strong bullish signals. If ETH breaks below the lower trendline of the flag, we could see another leg down mirroring the previous drop. However, if it manages to break the upper resistance line, a potential 9.74% move to the upside could unfold. Still, given the prevailing structure and momentum, a breakdown looks more probable.
ETH CHART PATTERN
This chart shows Bitcoin dominance forming a rising wedge, a bearish pattern often signaling a potential breakdown. Price is approaching key resistance at 64.27%, with RSI nearing the supply zone, indicating overbought conditions. A rejection here could trigger a drop toward the lower wedge support or even the demand zone, suggesting possible altcoin strength if BTC dominance declines.
BTC.D CHART PATTERN
Ethereum is likely to dip slightly to sweep liquidity from lower levels, targeting the visible bid clusters. Once that liquidity is tapped, a reversal to the upside is anticipated as the path of least resistance shifts bullish. This move would align with common liquidity hunt behavior before a potential rally.
ETH LIQUIDATION HEATMAP
This is my personal prediction, but as we all know, the crypto market is highly volatile. If you're considering this trade, be sure to conduct your own thorough research before making any decisions.
$ETH
ETHUSDT
1,772.7
-1.33%
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