ETH 1H: Rejected at the McGinley LineETHUSDT SPOTBYBIT:ETHUSDTSfericaTrading## Body **The setup.** After a week-long slide from the 2,000 handle, ETH printed a 1H bottom near 1,520 on June 7 and staged a recovery worth roughly 200 points. That recovery has now stalled. The sequence of lower highs under 1,720, the McGinley Dynamic flipping back to bearish, and the LWPI handing momentum back to sellers have put the confluence model back into a SHORT state. **What the chart says.** Price is trading around 1,622, below the McGinley line at roughly 1,638, which now acts as dynamic resistance. Note the cluster of repeated short signals near 1,700: that is the LWPI oscillating around its midline, the signature of a contested zone rather than a clean trend. The market picked its side once price lost the line. **Scenario.** As long as 1H closes stay below the McGinley line, the path of least resistance points to a retest of the 1,560 support area first, with the 1,520 low as the next reference if sellers keep control. The lower ATR band around 1,591 gives a feel for how far a single impulse can realistically travel at current volatility. **Invalidation.** A reclaim of the McGinley line followed by acceptance above the 1,660-1,700 supply zone would flip the trend engine bullish and void this idea. No bias is worth keeping once its invalidation level is gone. **Indicator notes.** Settings used here: McGinley length 18 (slightly slower than the default 14, to filter 1H noise on crypto), LWPI 8 with 5-period SMA smoothing, ATR bands 14 / 2.0. Triangles mark the first bar where trend and momentum agree. This is an educational market analysis, not financial advice. Always do your own research.