$ETH Warning Signals That Cannot Be Ignored
ETH currently at $2,114 and the situation is starting to look concerning. Let's look at the facts:
Alarming Technical Patterns:
Repeated rejections at every resistance show selling pressure is very dominant
Moving averages all trending down - strong bearish signal
Lower highs continue to form, this is a classic distribution pattern
RSI at 18.60 but price action shows no reversal yet
🔴 Critical Support Under Threat:
$2,000 is the bulls' last defense
Break below this could trigger panic selling to $1,500-$1,700
Worst case scenario: if bearish momentum continues, the $800-$1,200 area is not impossible (like the 2022 bear market)
Historical Pattern:
Remember 2022? ETH collapsed from $3,000+ to $880. Current patterns are reminiscent of similar distribution phase.
What to Watch Out For:
Macro economy still facing uncertainty
BTC dominance increasing, altcoins under pressure
Trading volume declining : thinning liquidity
Not trying to spread FUD, but as traders/investors, we must prepare for the worst, hope for the best.
Risk management is key!
Are you still holding or already took profits? Share your strategy! 👇
#ETH #FİGHT #COAI $FIGHT $COAI