ETH at a Crossroad! Bearish Control or Bullish Breakout?Bullish Probability: 40%
Bearish Probability: 60%
Trend Structure: The market is currently in a downward channel, indicating bearish control unless a breakout occurs.
Pattern Formation: A descending wedge is forming, which can act as a reversal pattern if confirmed.
Momentum Indicators: RSI is below the mid-level, suggesting weak bullish strength. ADX shows that the bearish trend is still dominant but not overly strong.
Breakout Potential: A breakout above the descending trendline could shift momentum toward the bulls, but as of now, bearish sentiment prevails.
Conclusion:
Bearish momentum is slightly stronger, but the possibility of reversal exists if key resistance levels are broken.
Confirmation signals are needed before any major trend shift.
