After a strong movement where Ethereum broke the $2650 level, reversal signals began to clearly appear on the 30-minute timeframe.
🧠 Technical analysis:
🔻 CHoCH – a clear change in market structure:
After the strong rise and a peak at 2675, the price failed to maintain momentum and formed a lower low.
This change (CHoCH) indicates a clear beginning of weakness in the upward trend.
🟢 BoS – previous breakout of the supply area:
A resistance area at 2610 has been broken previously (BoS), which drove traders to buy.
But failure to hold above it brought sellers back strongly.
🟦 Now the price is at 2550 – do we see a bounce?
The market is very close to a strong demand area below 2400.
If it maintains this level, we might see a temporary corrective bounce.
🔁 Possible scenarios:
✅ Positive scenario:
A bounce from 2520 – 2480 and rise again to test 2600.
Provided that there is a clear momentum on MACD and RSI.
❌ Negative scenario:
A clear break of the 2480 area may open the way to test 2380 then 2200.
📌 Advice for followers:
> Don't enter just because the price is low!
Wait for confirmations on the smaller timeframe or MACD crossover + RSI bounce from overbought areas, to reduce risks.
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