This chart highlights a possible bearish breakdown scenario for Ethereum (ETHUSD) on the 4H timeframe.
🔍 Key Levels:
Breakdown Confirmation Level: $2,362
Target 1: $2,151
Target 2: $1,954
(Optional Target 3: $1,750 if added)
📉 After multiple failed attempts to break above resistance, ETH price is now testing a critical support zone. A confirmed breakdown below this level could trigger further downside towards the mentioned targets.
Ichimoku Cloud shows weakening bullish momentum, supporting the potential for a bearish move.
Use Proper Money Management
🔍 Key Levels:
Breakdown Confirmation Level: $2,362
Target 1: $2,151
Target 2: $1,954
(Optional Target 3: $1,750 if added)
📉 After multiple failed attempts to break above resistance, ETH price is now testing a critical support zone. A confirmed breakdown below this level could trigger further downside towards the mentioned targets.
Ichimoku Cloud shows weakening bullish momentum, supporting the potential for a bearish move.
Use Proper Money Management
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.