$ETH is heading toward its 6th consecutive monthly red close 🚨👇
Step back and the structure is even more concerning
• 11 red months in the last 14
• Rallies consistently sold into
• Lower highs on the higher timeframe
That’s not noise.
That’s supply dominating demand.
If this month seals red again, it reinforces one thing macro trend pressure hasn’t shifted and sellers still control the higher timeframe.