$ETH – Momentum Cooling, Market at Decision Point
ETH has pushed strongly but is now showing signs of momentum fatigue. Upside extensions are getting met with supply, while downside moves are starting to travel cleaner. This usually signals pause or pullback after an impulsive leg.
Price is hovering around a key value area where both sides are active. Bulls need continuation and acceptance above resistance, otherwise sellers may press for a deeper retrace.
Key Levels to Watch
Resistance: Prior local high / rejection zone
Support: Short-term demand area (previous breakout base)
Invalidation: Clean reclaim and hold above resistance with volume
Bias
Short-term: Neutral → Volatile
Intraday: Fade extremes, trade confirmation
Mid-term: Bullish while structure holds
Trade Notes
Avoid chasing green candles
Look for rejection at resistance for short scalps
Look for higher low + volume expansion for longs
Let ETH show direction before sizing up
ETH is at a decision zone. Patience here matters more than prediction. Trade what you see, not what you hope.
