Ethereum shows signs of strength, but the bullish picture only emerges on an 
inverted chart. On the standard view, the downtrend remains intact until key 
resistance is reclaimed, making the current optimism conditional. Inverted 
Structure Reinforces Ethereum Bearish HTF Outlook Presenting an inverted chart 
in a recent update, Mizer explained that he has been short on Ethereum for 
several days, outlining what he believes could unfold on the higher time frame 
(HTF). Mizer clarified that this doesn’t necessarily plan to hold the full 
position to his projected targets, as he prefers focusing on lower time frame 
(LTF) opportunities given the difficulty of forecasting HTF moves in the 
current macro environment. Related Reading: Ethereum’s Bounce Still Lacks 
Conviction — Downside Risk Remains According to Mizer, Ethereum’s HTF 
structure remains clear: a distribution phase followed by consistent 
breakdowns since the $5,000 peak. A parabolic curve formed off that top is a 
key indicator of this pattern, noting that the price has respected it for 
months. Until that parabola is decisively broken and price holds above it, the 
broader downtrend remains intact. Zooming into the current price action, Mizer 
highlighted a strong impulse move into this zone marked by a purple line. This 
area represents a significant support/resistance flip on the inverted chart: 
previously resistance, it was broken and now functions as support. Mizer is 
now closely watching the small blue box on the right side of the chart, which 
represents the current consolidation following the impulse. Two Scenarios From 
Consolidation The analyst further explained that from the current 
consolidation zone, there are two primary scenarios unfolding: either 
continuation after a shallow pullback, or a brief fake breakdown followed by a 
swift reclaim before the next leg higher on the inverted chart, which would 
translate to further downside for ETH itself. Related Reading: Ethereum Faces 
High-Stakes Moment at $2,200 as Whale Longs Clash With Bearish Flow Data He 
described the purple path on his chart as his “ideal” bullish scenario on the 
inverted structure, essentially tracking price as it continues to respect the 
long-standing parabolic curve. As long as that parabola remains intact, the 
broader bearish trajectory remains his base case. Regarding targets, he 
divided expectations into short- and long-term objectives. The immediate 
target sits around $1,700, which he views as the first logical area to take 
profits and monitor for a potential reaction strong enough to challenge or 
even break the parabolic resistance. The final target lies near $1,400, 
representing the larger extension if momentum fully plays out. However, he 
emphasized that the setup would be invalidated if ETH loses the key flip zone 
and begins accepting below it on the inverted chart, a move that would break 
the parabola and potentially signal a broader trend reversal. Featured image 
from Freepik, chart from Tradingview.com

Ethereum Price Looks Bullish, But Only On The Inverted Chart

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Cryptocurrency price in NOK