ETHUSD | Daily Countertrend Breakdown Active
Daily bullish countertrend structure has failed, opening downside continuation toward lower Fibonacci expansion.
Technical Overview
The daily countertrend line is broken and the lowest clean H4 breakout has failed, confirming bearish structural alignment across both timeframes.
Bias
Bearish below 2,962 with structure now in expansion to the downside; invalidation requires a sustained reclaim back above the broken H4 pivot zone.
Path
2,860 → 2,760 (Daily 100%) → 2,550 (Daily 138.2%)
Disclaimer
This analysis is for educational purposes only and does not constitute financial advice, investment advice, trading advice, or any other type of advice. Nothing in this publication should be interpreted as a recommendation to buy or sell any financial instrument.
Trading and investing involve significant risk, including the potential loss of all capital. Always conduct your own research and consult with a licensed financial professional before making any trading or investment decisions. The author assumes no responsibility for any actions taken based on the information provided.