ETH - Eric Trump Ruined the BreakoutEthereum / TetherUSBINANCE:ETHUSDTVIAQUANTETH was on the verge of a LTF structural breakout, but the tide has shifted over the last couple of hours. To outline this it is important to examine both ETH/BTC and ETH/USDT. Let's begin with the chart on the left, ETH/BTC. At 6:04 PM ET, Eric Trump tweeted: "ETH is pumping hard! Great to see! Crypto is the future…" Since then, ETH/BTC has declined over 1%. This is common to see in crypto markets. When a big name tweets something bullish, the market often does the opposite in the immediate aftermath. Due to the tweet and the subsequent pullback, the ETH/BTC chart is now at risk from a structural perspective. I have the 15 minute chart outlined, but it is worth pointing out what this has done to the daily chart as well: The pullback has created a gravestone doji, which could signal a selloff starting at the close, or at least ETH losing some value against BTC in the near term. It is possible something develops on the Iran front with escalations rising further, or some other catalyst starts the week off bearishly and complements the current market structure setup. It is too early to say exactly what that catalyst could be right now, but I wanted to make a note of it in advance. There is also the possibility that this is simply a fakeout candle designed to trap shorts. If price starts instantly pushing up on tomorrow's candle and does not break today's low, the breakout can still occur as originally outlined. But if the gravestone doji does end up playing out and the ratio breaks below today's low, then a pullback to start the week becomes the more likely scenario. The other reason this seems to be the more likely outcome is by looking at the daily line chart for ETH/USDT, outlined on the right chart. I last used this exact metric to identify ETH's quad bottom while price was still trading below $1,600. You can find that idea here: With Eric Trump's tweet, the market has now created an incredible triple top right below $1,800. Therefore the only way to confirm the breakout I have been predicting on the higher timeframes is to see a daily close above $1,800. To see the higher timeframe ideas I have for ETH and ETH/BTC, view them here: Everything still remains on track to increase in value based on the higher timeframes, but in the short term a pullback from this level is likely. It is particularly interesting that the Eric Trump tweet triggered this market downturn right before the daily close, shaping the market structure this way at exactly the moment it mattered most. Definitely something to pay close attention to.