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ETH/USDT Perpetual Contract
Short

Ethereum (ETH): Failed Double Bottom / Possible Sharp Breakdown!

By SwallowPremium
Ethereum is not looking good on the daily timeframe, where the price is still presuring the support zone after a failed attempt to bounce from there.

We are looking for a possible sharp breakdown to happen as market structure is looking almost perfect for such a movement from here so let's see!

Swallow Team
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Ethereum has shown us a nice break of that sharp trend we were talking about for some time now.

Now that the price has broken nicely in that zone after forming a small fakeout there, we are looking for further movement to lower zones here so keep an eye on it!
Chart PatternsTrend Analysis
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