EthereumShort
Ethereum (ETH/USD) on a daily timeframe, Analysis
This chart illustrates Ethereum (ETH/USD) on a daily timeframe, where the price is consolidating within a broad horizontal range between approximately $2,000 (support) and $4,800 (resistance). A descending trendline from the most recent highs suggests bearish momentum, with price currently rejecting this resistance.
Key observations:
1. **Volume Decline**: The declining volume indicates weakening market participation, which may support a continuation of the downward trend.
2. **Bearish Bias**: The chart suggests a potential move toward the lower boundary of the range ($2,000) if the descending triangle pattern plays out.
Conclusion: If the price breaks below interim support (around $3,000), ETH could potentially test the $2,000 zone. A confirmed breakout above the trendline would invalidate the bearish scenario.ETHUSD
Key observations:
1. **Volume Decline**: The declining volume indicates weakening market participation, which may support a continuation of the downward trend.
2. **Bearish Bias**: The chart suggests a potential move toward the lower boundary of the range ($2,000) if the descending triangle pattern plays out.
Conclusion: If the price breaks below interim support (around $3,000), ETH could potentially test the $2,000 zone. A confirmed breakout above the trendline would invalidate the bearish scenario.
ETHUSD 
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If you want to receive more Analysis signals, please join our Telegram channel. t.me/+JLFlD0eg3LFjNjU8
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.