ETH just broke beneath a clean ascending trendline that has held multiple reactions over the past several sessions. The most recent liquidity sweep around the 3080 level printed clear rejection, and the structure since that point has leaned progressively weaker.
With the trendline now broken, the chart opens room for ETH to revisit deeper inefficiencies, with the 2650 area standing out as the next major structural pocket. This aligns with the earlier 3080 sweep, which hinted at bearish intent before the break.
Key levels I’m watching:
• 3080 – prior liquidity sweep and rejection
• Trendline – now broken and potentially flipping into resistance
• 2600 zone – next major downside liquidity area
Not a trade signal, just sharing the technical structure I’m monitoring.
With the trendline now broken, the chart opens room for ETH to revisit deeper inefficiencies, with the 2650 area standing out as the next major structural pocket. This aligns with the earlier 3080 sweep, which hinted at bearish intent before the break.
Key levels I’m watching:
• 3080 – prior liquidity sweep and rejection
• Trendline – now broken and potentially flipping into resistance
• 2600 zone – next major downside liquidity area
Not a trade signal, just sharing the technical structure I’m monitoring.
Note
So far ETH is playing out exactly as expected.. I still think 2600 or even lower is on the table
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.