#trendlinebreakdown
trendlinebreakdown
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ETH/USDT Technical View 📉
ETH has broken below a key ascending trendline that had been supporting the price for several sessions. The rejection from the 2,143 resistance zone followed by a strong bearish candle suggests that buyers are losing momentum in the short term.
🔹 Resistance: 2,143 – 2,160
🔹 Current Price: Around 2,115
🔹 Immediate Support: 2,111
🔹 Major Support: 2,080 – 2,076
As long as ETH remains below 2,143, bearish pressure may continue toward lower support levels. A reclaim of the broken trendline and a move back above resistance would be needed to restore bullish momentum.
⚠️ This setup shows a potential trendline breakdown, but confirmation should come from candle closes and volume. Always manage risk and avoid overleveraging.
#ETH #Ethereum #ETHUSDT #CryptoTrading #TechnicalAnalysis #PriceAction #TradingView #CryptoMarket #SupportAndResistance #TrendlineBreakdown $XRP $BNB $BTC #ZcashOrchardProtocolBugAllowedUnlimitedMint #XRPDrops7%ToFourMonthLow
ETH has broken below a key ascending trendline that had been supporting the price for several sessions. The rejection from the 2,143 resistance zone followed by a strong bearish candle suggests that buyers are losing momentum in the short term.
🔹 Resistance: 2,143 – 2,160
🔹 Current Price: Around 2,115
🔹 Immediate Support: 2,111
🔹 Major Support: 2,080 – 2,076
As long as ETH remains below 2,143, bearish pressure may continue toward lower support levels. A reclaim of the broken trendline and a move back above resistance would be needed to restore bullish momentum.
⚠️ This setup shows a potential trendline breakdown, but confirmation should come from candle closes and volume. Always manage risk and avoid overleveraging.
#ETH #Ethereum #ETHUSDT #CryptoTrading #TechnicalAnalysis #PriceAction #TradingView #CryptoMarket #SupportAndResistance #TrendlineBreakdown $XRP $BNB $BTC #ZcashOrchardProtocolBugAllowedUnlimitedMint #XRPDrops7%ToFourMonthLow
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