ETH/USD Analysis

27 gru 2024

ETH/USD is forming a bearish setup as price breaks down from a rising trendline near the resistance zone. The SL (stop-loss) is placed above the resistance area ($3,440), while the target aligns with the support zone near $3,061. Fundamentals indicate increasing selling pressure, aligning with the technical bearish divergence. Manage risk accordingly
Note: This analysis is for educational purposes and not trading advice. Consider market conditions and strategies.
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27 gru 2024

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