Since March 26, 2025, ETHUSDT has struggled to break above the EMA100 line, signaling a bearish trend. Additionally, a symmetrical triangle pattern has broken to the downside, further confirming bearish momentum.
The Stochastic indicator has crossed and is moving downward within the neutral zone, confirming that selling pressure may continue.
These signals indicate that Ethereum could drop toward our first target at $1,403. After hitting this level, a short pullback is likely as traders take profits, before the price potentially continues its descent toward a new low around $1,239.
These targets were identified using a combination of Fibonacci ratios and classic support/resistance levels, as shown in the chart.
This outlook remains valid as long as the price moves below the stop-loss level at 1,754.
Support the channel by engaging with the content, using the rocket button, and sharing your opinions in the comments below.
The Stochastic indicator has crossed and is moving downward within the neutral zone, confirming that selling pressure may continue.
These signals indicate that Ethereum could drop toward our first target at $1,403. After hitting this level, a short pullback is likely as traders take profits, before the price potentially continues its descent toward a new low around $1,239.
These targets were identified using a combination of Fibonacci ratios and classic support/resistance levels, as shown in the chart.
This outlook remains valid as long as the price moves below the stop-loss level at 1,754.
Support the channel by engaging with the content, using the rocket button, and sharing your opinions in the comments below.
Trade active
Trade closed: target reached
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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.