- Ethereum broke its lower timeframe bullish structure.
- The liquidation levels heatmap outlined two support zones.
Ethereum [ETH] saw a sizeable pullback over the past few days after its steady bullish march over the past month. The $4.1k level was almost reached before the bulls were forced to retreat. Investors need not worry about this dent in prices too much.
Bitcoin [BTC] also faltered just above the $73k level and dragged the rest of the market down. While the rally is expected to continue higher in the long run, further losses are anticipated over the next few weeks.
Traders need to be prepared for a fall below $3500
Source: ETH/USDT on TradingView
The 12-hour chart showed that the bullish bias remained intact based on the price action. Yet on the 4-hour timeframe and lower the structure has flipped bearishly. Even the 12-hour RSI fell below the neutral 50 mark to reflect bearish momentum was rising.
The recent pullback is…
