- Entry
- 2,724.64
- Stop
- 2,791.43
- TP1
- 2,629.36
- Conviction
- high
At 2726.6, $ETH retests a major flipped support, now resistance. This level previously halted the bearish leg (15 May) & housed the recent consolidation low (27 May). Momentum rolls over, engulfing lower timeframes, with a bearish divergence in RSI & a respected trendline break. This setup offers a tight risk:reward, anticipating a retest of the 2629.36 Fib level. Invalidation at 2791.43, where a break negates the bearish bias and respet for the 2726.6 resistance.