Oh no! A pattern has emerged in the stars and it will be end times.
Unless it’s a Bart wave, sentiment and supply shock will win.
coinfeeds-bot on
tldr; Ethereum (ETH) is showing bearish risks as a double top pattern emerges on its daily chart, signaling potential reversal if the $2,400 neckline is breached. After failing to break resistance near $2,700, ETH has pulled back to $2,475, resting on the 200-day EMA. Momentum indicators like RSI and declining trading volume suggest weakening bullish strength. If ETH falls below the $2,400–$2,450 support zone, it could face deeper corrections to $2,200 or $2,000. Traders are advised to monitor the $2,300–$2,400 range closely.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
lexxwern on
As long as ETH remains infinite supply, and the Ethereum Foundation keeps printing and selling — it shall remain bearish.
Leave A Reply
Du musst angemeldet sein, um einen Kommentar abzugeben.
3 Kommentare
Oh no! A pattern has emerged in the stars and it will be end times.
Unless it’s a Bart wave, sentiment and supply shock will win.
tldr; Ethereum (ETH) is showing bearish risks as a double top pattern emerges on its daily chart, signaling potential reversal if the $2,400 neckline is breached. After failing to break resistance near $2,700, ETH has pulled back to $2,475, resting on the 200-day EMA. Momentum indicators like RSI and declining trading volume suggest weakening bullish strength. If ETH falls below the $2,400–$2,450 support zone, it could face deeper corrections to $2,200 or $2,000. Traders are advised to monitor the $2,300–$2,400 range closely.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
As long as ETH remains infinite supply, and the Ethereum Foundation keeps printing and selling — it shall remain bearish.