$ETH H12 Bearish Idea

• Market already dipped -8.24% from its local HH, hence, I did not consider the manipulation that occurred yesterday.

• Seeing a rejection from H12 Be-OB, falling back to its flipped 25% key support trendline, teasing a possible entry on the 24% Fib level.

• TFO curving down from extremely overbought zone, drawing a potential drop towards neutral area with more selling pressure.

• Could still be highly invalidated since market is trading above bullish NT, and highly above the EMA200.

• Predicting a bounce on the VAH if it falls further.

Key break points to WOF:

• $3499.58

• $3421.53

• $3251.27