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$ETH Support Trendline Lost — Pressure Building
Something just shifted… and it’s not bullish.
Repeatedly tested support just gave way — structure weakened
Trendline breakdown signals momentum fading
Volume expansion here could confirm continuation lower
Lower support zone now in focus — magnets sitting below
This isn’t just noise… it’s a potential shift in control.
Confirmation : Strong follow-through with volume
Without it — risk of a fakeout stays alive.
For now — pressure tilts to the downside.
Bitcoin has broken below the rising channel and is now trading above the 50MA, which acts as direct support.
A drop below the 50MA will confirm further downside in the market.
However, if the price continues to hold above the 50MA, a rebound and rally higher remain possible.