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
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.