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$ETH — Rejection at Highs: Short-Term Momentum Weakening
ETH pushed strongly into the 2,270 zone but faced rejection, leading to a pullback on the 1H chart. Price is now forming lower highs with sellers stepping in on rallies.
📉 Market Structure Insight
Short-term structure is turning bearish. Buyers are losing control as momentum fades after the impulse move.
💡 Key Insight:
This looks like a distribution phase unless bulls quickly reclaim higher levels.
🎯 Levels to Watch:
Support: 2,160
Resistance: 2,230
Break below support could extend downside. Reclaim of resistance may shift momentum back bullish.
Are you expecting continuation down or a bounce from support?