ETH - Back at $2,150Ethereum / TetherUSBINANCE:ETHUSDTVIAQUANTAfter a perfect bounce from Target #1 outlined in my last post, ETH has rallied back to the $2,150 level. To review that idea and get the full breakdown on why $2,150 has been such a critical level, as well as the HTF momentum shifts I have been tracking on the RSI, click here. Before diving in anything can change tonight. Trump is expected to speak on the Iran situation after 9PM ET, which will likely have the biggest market impact. However, since this comes post-market and after crypto's daily close, the charts are already beginning to signal an early bearish reversal setup worth highlighting now. Several converging signals are developing simultaneously. First, ETH is back at the extremely key $2,150 resistance level which is a level that has repeatedly acted as a ceiling throughout this entire structure. Second, a hidden bearish divergence has formed on the 4H RSI (higher high on the RSI paired with a lower high in price). This is typically an indication that the downtrend is about to continue. Third, viewing this chart on the 8H or 12H timeframe, a reversal doji is clearly forming on both timeframes provided price closes near current levels at the daily close. If Trump's comments spook the market, the structure developing right now is perfectly positioned to resume the downtrend. That is the base case scenario at this moment. There are still many hours until the close, and anything can change. If Trump signals a significantly greater degree of de-escalation than what has been communicated in recent weeks and ETH reclaims $2,150 with conviction, this setup will be negated entirely and I will publish a follow-up post tomorrow covering that development. For the time being, however, that remains the less likely outcome. Based on the current chart structure, a bearish reversal from these levels is what the current structure is pointing toward.