Volume cooling off, and some people probably seeing H&S. Long from $0.25, and about to take off half. Long Defi is a good idea in general right now, so looking for volume/MS entries could yield very good returns.
If you dont like my complex analysis, then draw lines on your chart until it frames your bias perfectly. Someone on the internet will surely agree with you.
Here is my complex ETH analysis. It fell back under H4 resistance, but overall is still in an uptrend. It needs to reclaim the big grey box if you want a long, but then there is another resistance above, so taking partial profit at the higher resistance would be a smart idea.
If your short, then your counter trend, but good for you. I wish you luck in your...
Since price did not move further into the H4 level i have just entered a short with 0.33% risk. I also did not enter a full position because i would prefer stops above MS, but entry is too far. Ultimate target is the monthly support, but i will remove risk at TL support.