ETH: Bearish Pattern Remains Intact
Updated
ETH: Bearish Pattern Remains Intact
Ethereum has respected our previous analysis and reached the first target.
Today, we observe a larger contracting triangle pattern, indicating the potential for further downward movement.
With the release of the ADP data today, market speculation is expected to be high.
It is possible that ETH may test the $2,500 level again before moving down, but it could also decline from the current market price.
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 respected our previous analysis and reached the first target.
Today, we observe a larger contracting triangle pattern, indicating the potential for further downward movement.
With the release of the ADP data today, market speculation is expected to be high.
It is possible that ETH may test the $2,500 level again before moving down, but it could also decline from the current market price.
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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