ETH Bearish Breakout: A Confirmation to Further Declines?
Ethereum has recently emerged from a bearish pattern, signaling an increased likelihood of an extended downward trend. The initial pattern that triggered the bearish momentum began on June 7th. Following this, we observed another significant bearish wave as the price breached yet another structure zone yesterday.
This breakout has heightened the probability that Ethereum (ETH) may retest the 3420 level. Should this bearish pressure persist, there’s a potential for the price to descend further, possibly reaching as low as 3280.
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Ethereum has recently emerged from a bearish pattern, signaling an increased likelihood of an extended downward trend. The initial pattern that triggered the bearish momentum began on June 7th. Following this, we observed another significant bearish wave as the price breached yet another structure zone yesterday.
This breakout has heightened the probability that Ethereum (ETH) may retest the 3420 level. Should this bearish pressure persist, there’s a potential for the price to descend further, possibly reaching as low as 3280.
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Trade closed: target reached
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✅MY FREE Signals Channel
t.me/TradingPuzzles
✅Personal Telegram
t.me/KlejdiCuni
✅Suggested News Channel
t.me/ForexNewsNavigator_Official
t.me/TradingPuzzles
✅Personal Telegram
t.me/KlejdiCuni
✅Suggested News Channel
t.me/ForexNewsNavigator_Official
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.