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>>Ethereum's Price Appears Bullish, but This Is Only Evident on an Inverted Chart

Ethereum's Price Appears Bullish, but This Is Only Evident on an Inverted Chart

crypthub

about 5 hours ago

Ethereum's Inverted Chart Analysis

Ethereum's strength appears conditional on an inverted chart, with standard views showing a continued downtrend until key resistance is reclaimed. Mizer highlights short positions based on inverted structure, emphasizing uncertainty in higher time frame (HTF) forecasts due to macroeconomic challenges. The HTF pattern shows a distribution phase followed by breakdowns since the $5,000 peak, reinforced by a parabolic curve respected for months.

Consolidation Zone and Price Dynamics

Current price action reveals a strong impulse move into a support/resistance flip zone marked by a purple line on the inverted chart. Mizer monitors a consolidation area (blue box) for potential outcomes: either a shallow pullback continuation or a fake breakdown leading to further downside. The parabolic curve remains critical, with its integrity dictating the bearish trajectory as Ethereum's base case.

Target Levels and Risk Factors

Short-term targets include $1,700 for profit-taking, while $1,400 represents a long-term extension if momentum persists. The setup risks invalidation if Ethereum breaches the key flip zone below the parabola, potentially signaling a trend reversal. Mizer prioritizes lower time frame opportunities over holding HTF positions, reflecting the complexity of forecasting in the current market environment.