EthereumShort
ETH/USD Analysis Bearish Momentum
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Ethereum (ETH/USD) illustrates a technical Analysis based on price Action and chart patterns. include Key Points
Descending Breakdown: After trading within a rising wedge (blue channel) pattern, Ethereum broke below the lower trendline, signal as bearish momentum.
2. Support and Resistance Zones:
Resistance zones are marked around $3,700–$3,900 (green).
A strong support zone is identified near $2,450 (red).
3. Bearish Outlook: The price action suggests further downside potential after the breakdown from the wedge, targeting the major support zone at $2,450.
4. Short-Term Trend: Currently bearish, supported by the price trading below the key Ichimoku cloud and recent lower highs and lower lows.
We Should watch for confirmation of the bearish trend or potential reversal signals at the support level.
Note: This Idea Only For Educational Purposes and not A Trading Advice Thanks For Your Support
Ethereum (ETH/USD) illustrates a technical Analysis based on price Action and chart patterns. include Key Points
Descending Breakdown: After trading within a rising wedge (blue channel) pattern, Ethereum broke below the lower trendline, signal as bearish momentum.
2. Support and Resistance Zones:
Resistance zones are marked around $3,700–$3,900 (green).
A strong support zone is identified near $2,450 (red).
3. Bearish Outlook: The price action suggests further downside potential after the breakdown from the wedge, targeting the major support zone at $2,450.
4. Short-Term Trend: Currently bearish, supported by the price trading below the key Ichimoku cloud and recent lower highs and lower lows.
We Should watch for confirmation of the bearish trend or potential reversal signals at the support level.
Note: This Idea Only For Educational Purposes and not A Trading Advice Thanks For Your Support
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