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🪙 Coin Name: #ETH/USDT 2h
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On the 2-hour time frame, Ethereum (ETH) has established a ranging channel chart pattern. This pattern reflects a period of consolidation where the price oscillates between parallel support and resistance lines. However, the Relative Strength Index (RSI) has exhibited bearish signals, indicating that the buying momentum is weakening. Recently, ETH has hit the support line of this ranging channel and subsequently moved downward, breaking through the support. This downside movement, in conjunction with the bearish RSI signals, suggests that ETH is poised to enter a bearish trend.
Entry: 3806.31 - Market Price
Signal Type: SHORT
Take Profit-
🎯$3780
🎯$3760
🎯$3729
🔒 Leverage: 20x
⛔ Stop Loss at: $3848.78
Technical Target
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