Pair: ETH Market Cap Dominance (%)
Timeframe: 3D
Structure: Descending Trendline + Horizontal Resistance
Volume: Rising on approach to resistance
📉 What’s happening?
ETH dominance has rallied from support and is now approaching a historically strong resistance zone marked by multiple rejection points. Price is also near the long-term descending trendline, which has acted as a ceiling for over a year.
🔻 Caution Zone:
Resistance between 18.5%–19.2%
Historical reversal area (marked as “Reversal Point”)
📌 Pullback Triggers:
Bearish candle formation at resistance
Declining volume on further push up
Failure to close above the descending trendline
Bias: Short-term pullback likely unless ETH dominance breaks and closes above resistance with strong volume.
Timeframe: 3D
Structure: Descending Trendline + Horizontal Resistance
Volume: Rising on approach to resistance
📉 What’s happening?
ETH dominance has rallied from support and is now approaching a historically strong resistance zone marked by multiple rejection points. Price is also near the long-term descending trendline, which has acted as a ceiling for over a year.
🔻 Caution Zone:
Resistance between 18.5%–19.2%
Historical reversal area (marked as “Reversal Point”)
📌 Pullback Triggers:
Bearish candle formation at resistance
Declining volume on further push up
Failure to close above the descending trendline
Bias: Short-term pullback likely unless ETH dominance breaks and closes above resistance with strong volume.
VM
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.