ETHUSDT Today and Upcoming Trend Prediction !
Dear traders!
Overall, ETHUSDT extended its technical decline since the price failed to clear the psychological resistance at 162.00, currently trading around 147.82, recovering slightly by 1.82% on the day.
Looking at the technical analysis chart, ETHUSDT appears to be forming a 'cup and handle' pattern, reinforced by the bearish signal from the 34 EMA and the previous technical downtrend below the 152.00 support. If this pattern is confirmed, the price will quickly break the important support levels at 145.00 and 141.00, next targeting the buyers' defense zone around 127.00.
What do you think about the future of ETHUSDT? Do you expect the price to rise or continue the current downward trajectory? Share your thoughts!
Overall, ETHUSDT extended its technical decline since the price failed to clear the psychological resistance at 162.00, currently trading around 147.82, recovering slightly by 1.82% on the day.
Looking at the technical analysis chart, ETHUSDT appears to be forming a 'cup and handle' pattern, reinforced by the bearish signal from the 34 EMA and the previous technical downtrend below the 152.00 support. If this pattern is confirmed, the price will quickly break the important support levels at 145.00 and 141.00, next targeting the buyers' defense zone around 127.00.
What do you think about the future of ETHUSDT? Do you expect the price to rise or continue the current downward trajectory? Share your thoughts!
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