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![tradingjip Avatar](https://lunarcrush.com/gi/w:24/cr:twitter::1553700016161800194.png) Jip Molenaar [@tradingjip](/creator/twitter/tradingjip) on x 18.2K followers
Created: 2025-07-22 07:53:56 UTC

Bears need to defend Monday's high on $ETH and here's why!

Based on the last two years of data we can see that XXXX% of the weekly candles on Ethereum form the first pivot on Monday. 
This means that if you anticipate a bearish weekly candle, XXXX% of those bearish candles form the high of the week on Monday. 
This means that if Ethereum takes out the Monday high today or tomorrow, the chances for a bearish weekly candle significantly decrease based on time of price.

Also when we look at distance of price we can see that price needs to make quite the distance to take out the weekly high from here. 
If we indeed get that P1-P2 flip, it will take a lot of energy for price to reverse once more and take out the weekly low from there. Based on historical distance data, that would be a rare event. 

So if bears want to target some stops of horny bulls, they need to do everything in their power to defend yesterday's high. 
Based on time, distance, but also based on structure an important high to defend...

![](https://pbs.twimg.com/media/Gwciq2hXwAAFHuo.png)

XXXXX engagements

![Engagements Line Chart](https://lunarcrush.com/gi/w:600/p:tweet::1947565762010394751/c:line.svg)

**Related Topics**
[bearish](/topic/bearish)
[$eth](/topic/$eth)
[ethereum](/topic/ethereum)
[coins layer 1](/topic/coins-layer-1)

[Post Link](https://x.com/tradingjip/status/1947565762010394751)