ETHUSD (1H chart)_pattern .
From my chart, ETH has broken below the consolidation zone and made a strong bearish impulse, so bias stays bearish while below resistance.
🎯 Downside Targets
Target 1: 3,020 – 3,000 (psychological + first demand)
Target 2: 2,980 – 2,950 ✅ (my marked target area)
Extended Target: 2,900 – 2,880 (only if selling pressure continues)
⛔ Resistance / Invalidation
Resistance zone: 3,120 – 3,150
Bearish view invalid if 1H close above 3,160
📊 Structure Summary
Trendline broken
Price below cloud / key support
Lower highs → continuation setup
👉 Plan: Sell on pullbacks toward 3,120–3,140 with confirmation.
From my chart, ETH has broken below the consolidation zone and made a strong bearish impulse, so bias stays bearish while below resistance.
🎯 Downside Targets
Target 1: 3,020 – 3,000 (psychological + first demand)
Target 2: 2,980 – 2,950 ✅ (my marked target area)
Extended Target: 2,900 – 2,880 (only if selling pressure continues)
⛔ Resistance / Invalidation
Resistance zone: 3,120 – 3,150
Bearish view invalid if 1H close above 3,160
📊 Structure Summary
Trendline broken
Price below cloud / key support
Lower highs → continuation setup
👉 Plan: Sell on pullbacks toward 3,120–3,140 with confirmation.
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Related publications
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.