🔻 Ethereum (ETH) — 2H Analysis | Inverted Bottom Pattern 🔍
Current price: $3697
On the 2-hour chart, Ethereum is forming an inverted bottom pattern (inverted bowl) — this is a bearish signal, often indicating an impending price decline.
📉 Key observations:
The pattern appears after a short-term rise — the market may be ready for a correction.
Volumes are gradually decreasing — this indicates weakening buying pressure.
If support around $3650–$3620 is broken, the decline may accelerate.
Potential downside targets: $3540 and further down to $3460
⚠️ Risks:
If buyers hold the key support and a bounce occurs with volume, the pattern may be broken.
📊 Conclusion:
We are monitoring the price behavior at $3650. A downward breakout confirms the decline scenario. Holding may allow for a local bounce.