ETH BEARISH MOVE
$ETH
POSITION: SHORT
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This Ethereum (ETH/USD) 1-hour chart shows a descending triangle pattern, signaling bearish pressure. The price repeatedly tests horizontal support near $2,520 while forming lower highs. A projected breakdown suggests a ~5.47% drop, targeting around $2,400 support. and the downward sloping red trendline marks declining highs. The pattern implies sellers are gradually overpowering buyers, increasing the likelihood of a breakdown if support fails.
Entry: 2585
Target Price: 2511, 2468, 2422
Leverage:
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