@twilightarc
$ETH 2025/8/20
1️⃣ 1H Status:
ETH is consistently suppressed by the midline —> still in a strong downward structure.
2️⃣ My Take:
As shown in the chart below, price has been repeatedly rejected at the midline and hasn’t yet broken out of this strong downtrend. (Tip: Look for a break above the midline with a successful retest for confirmation.)
Right now, we’re in a rebound phase. Keep an eye on whether the midline continues to act as strong resistance — if so, the next downside target could be around 3940.
If you’re looking to go long, my advice remains the same as in previous posts: “Wait for a clear breakout above the midline, then enter long on a successful retest that holds above.” Marked on the chart below.
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