Title Idea: ETH/USD: Potential Rejection at 3200 – Bearish ProjeEthereum all time history indexINDEX:ETHUSDhamitcagdasLooking at the ETHUSD 4-hour chart, the price action suggests a potential liquidity grab before a significant downward move. Here is the breakdown of my technical outlook: Key Technical Points: Resistance Zone: The price is currently approaching a critical resistance level around 3,200. My projection shows a final push into this zone to clear out short-side liquidity before a potential reversal. Price Action Pattern: The white path drawn on the chart indicates a "Lower High" formation. If the price fails to sustain momentum above 3,200, I expect a sharp rejection followed by a break of the current ascending support line. Indicator Confirmation: The momentum indicator at the bottom shows a clear "Bear" signal, suggesting that the recent upward move is losing strength (negative divergence). This adds weight to the bearish thesis. Targets: If the breakdown occurs as projected, the first major target will be the previous lows, with potential for an extended sell-off towards the lower support zones indicated by the white arrow. Summary: I remain Bearish as long as the 3,200 level holds as resistance. A confirmed break below the trendline will likely trigger the projected downward acceleration. Disclaimer: This is for educational purposes only and not financial advice.