ETH Sharp Drop: Watching the Retracement Trap Zone📉 ETH Analysis – Breakdown, Retest Incoming
ETH has broken down sharply from the previous consolidation block, confirming a bearish continuation structure. The price has dropped cleanly below the range and is now forming a temporary bounce from the 3,060–3,090 zone.
Your chart highlights a potential retest zone around 3,220–3,250, aligned with:
The bottom of the previous range
The cloud resistance
The breakdown retest zone
A typical liquidity sweep level before continuation
This suggests the market may produce a ** corrective pullback** toward that marked area before sellers step in again.
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🔍 Key Points
Trend: Bearish after breaking the ascending structure.
Current Move: Relief bounce from oversold region.
Main Target: Retest toward 3,220–3,250.
Expectation: From that zone, ETH likely faces selling pressure and resumes downside.
Invalidation: Break and hold above 3,260.
