ETH Poised to Decline to 1600

há 4 dias

ETH Poised to Decline to 1600

ETH has been struggling to rise for an extended period, consistently displaying bullish patterns. However, each attempt has resulted in false breakouts, as evidenced by the daily chart, which shows the formation of larger bearish patterns. The bearish momentum has remained strong.

Given the current conditions, ETH has broken down from a new pattern and is likely to move down further, as indicated on the chart.

Key support levels to watch are:
2100
1880
1635

You may find more details in the chart!
Thank you and Good Luck!

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há 3 dias

Trade ativo

ETH: Strong Release of Liquidity
🎯In line with our previous analysis, ETH has successfully reached our first target🎯

The chart clearly indicates that all daily candles remain long and red, signaling continued weakness in the market. This bearish sentiment persists, reflecting a lack of upward momentum.

Since yesterday, we observed a bearish movement in gold, which was mirrored by the crypto market. This correlation suggests that ETH may extend its decline further, with potential targets at $1,880 and $1,635.

The bearish trend remains firmly intact, underscoring the need for caution in the current market environment.