$ETH is heading toward its 6th consecutive monthly red close 🚨👇
Step back and the structure is even more concerning • 11 red months in the last 14 • Rallies consistently sold into • Lower highs on the higher timeframe That’s not noise. That’s supply dominating demand. If this month seals red again, it reinforces one thing macro trend pressure hasn’t shifted and sellers still control the higher timeframe.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
$ETH is heading toward its 6th consecutive monthly red close 🚨👇
Step back and the structure is even more concerning
• 11 red months in the last 14
• Rallies consistently sold into
• Lower highs on the higher timeframe
That’s not noise.
That’s supply dominating demand.
If this month seals red again, it reinforces one thing macro trend pressure hasn’t shifted and sellers still control the higher timeframe.