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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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.