ETH breakdown is starting

May 18

In the previous post, I already explained why Ethereum looks structurally weak long-term.
Now the chart is starting to confirm it.

ETH has officially lost the rising support trendline that was holding the entire local bounce structure together.
And this is very important.

Because until now, bulls could still argue: “it’s just consolidation before continuation higher.”
But after the trendline breakdown, the structure changes completely.

📊 What we see now:
• bearish triangle breakdown
• loss of local support
• rejection below MA200D
• lower highs continue forming
• RSI rolling over again
• volume fading during recovery attempts
This is classic continuation behavior inside a bear market.

The entire move from April now increasingly looks like:
→ short squeeze
→ relief rally
→ distribution before continuation lower
Not the beginning of a new bull cycle.

💡 The biggest problem for ETH right now

There is simply no aggressive buyer.
Every rally gets sold almost immediately.

And notice how weak the bounce became near the $2400–2500 zone. That level acted as major resistance again.

Meanwhile:
• BTC dominance remains high
• liquidity conditions worsen
• yields continue rising
• capital rotates into stronger assets
This creates a very dangerous environment for weak altcoins.

📌 Technically, ETH now risks opening the path toward:
• $1900 support zone first
• then potentially → $1500
• and under full panic conditions even lower liquidity zones become realistic
Especially if BTC loses strength too.

At this point, ETH no longer trades like a market leader.
It trades like a weak high-beta asset inside a late-stage bear market rally.

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Jun 29

Trade closed: target reached

Excellent execution of the idea. Congratulations to everyone on the profits