EHTUSD logical breakdown of price levelsHi traders what do you think about ETHUSD given suggestion in comments.
ETH/USD chart and forecasting a potential bearish trend. If ETH price doesn't show a bearish reversal at the 3,196.00 level, then you are considering the next resistance at 3,350.00. A breakout to the downside from there could lead to a test of the support level around 2,900.00.
It's a logical breakdown of price levels, but it’s always a good idea to keep an eye on market momentum and volume indicators to confirm if the bearish trend will materialize, or if it could turn into a range or even a bullish reversal.
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