7.16 THENA: Breakout volumes at 1946 hit resistance, momentum exhausts and price stalls



$ETH
Entry: around 1930-1950, watching 1880-1850-1800
(above) 1970

Extremely long upper wick rejected: At the top pivot 1946, a very clear long upper wick formed; then it fell back with several bearish cross-shaped candles. This indicates that around the 1950 integer level there is extremely heavy selling pressure. The earlier “duotou ziqing” began concentrating its exit here, forming a short-term “flat-top” resistance zone

Volume and price divergence: The rise from the bottom to this push at 1946 was very sharp, but after reaching the pivot level, the price movement noticeably slowed and it became difficult to break above the prior pivot. Momentum couldn’t be sustained, which is a typical pattern of “rising on high volume but stalling on shrinking volume”#美军结束对伊朗新一轮打击
ETH2.49%
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