Ethereum shows a bearish trend in the medium term, driven by the breakdown of key supports ($1806 and $1640) and constant selling pressure, indicators that investors are looking to liquidate positions at lower prices. Technically, the "head and shoulders" pattern and the decline in critical levels suggest that the price could continue to fall, with potential weakening of the bearish momentum if the current supports remain strong.
Technical analysis highlights the use of indicators such as TRIX and Aroon Oscillator to anticipate oversold conditions and determine trend strength, which are essential in this context. In summary, although Ethereum faces a bearish outlook, the stability of its ecosystem could mitigate sharper declines in the medium term, especially if global macroeconomic conditions stabilize. #ETH🔥🔥🔥🔥
