ETH Dominance – Possible Pullback at Key Resistance

Pair: ETH Market Cap Dominance (%)
Timeframe: 3D
Structure: Descending Trendline + Horizontal Resistance
Volume: Rising on approach to resistance

📉 What’s happening?
ETH dominance has rallied from support and is now approaching a historically strong resistance zone marked by multiple rejection points. Price is also near the long-term descending trendline, which has acted as a ceiling for over a year.

🔻 Caution Zone:

Resistance between 18.5%–19.2%

Historical reversal area (marked as “Reversal Point”)

📌 Pullback Triggers:

Bearish candle formation at resistance

Declining volume on further push up

Failure to close above the descending trendline

Bias: Short-term pullback likely unless ETH dominance breaks and closes above resistance with strong volume.