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๐จ $ETH โ Bearish Rejection or Recovery in Sight? ๐ฅ
Ethereum is at a critical decision point, facing multiple Fair Value Gaps (FVGs) on the lower timeframe. The recent Change of Character (ChoCH) suggests a possible bounce, but rejection from these zones could mean another leg down.
โธป
๐ Market Breakdown:
๐ป Bearish Pressure: $ETH struggling below key resistance zones.
๐ FVG Cluster: Multiple unfilled FVGs indicate liquidity grab potential.
๐ Break of Structure (BOS): A key level has been taken, signaling a shift.
โธป
๐ฅ Trade Idea:
๐ Bullish Case: If $ETH reclaims $1,900, we could see a move towards $1,963 - $1,982.
๐ Bearish Case: If rejection holds, watch for a drop to $1,840 - $1,820.
๐ฏ Key Levels to Watch:
โ Resistance: $1,900 - $1,982
โ Support: $1,840 - $1,820
๐ Will ETH break out or sink further? Let me know your thoughts below! ๐ฅ
#ETH
#UkraineRussiaCeasefire #AltcoinETFsPostponed #USTariffs