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#ETH Weekly Plan
Similar to BTC, Ethereum has shifted into a bearish market structure on the daily timeframe. We recently broke below key support, confirming a Change of Character (CHoCH) just above $2,020.
The Outlook:
I am expecting a short-term relief bounce to retest the recent breakdown zone around $2,050. This area will act as premium resistance.
Once that retest is complete and price rejects, the primary target is the downside. The Market will look to sweep the unmitigated Sell-Side Liquidity (SSL) resting at $1,920 and $1,820, which sits perfectly inside the larger blue liquidity pool.
Invalidation:
This bearish thesis is completely invalidated if we get a clean daily candle close back above the $2100
Look for short setups on the bounce. Trade safe.
#CanBTCHold65K？ #TRUMPTeamMayDump16MToken $ETH