The Ethereum chart shows a clear bearish trend as price continues forming lower highs and lower lows within a descending channel 📉. Multiple rejections from resistance zones confirm strong selling pressure, while the breakdown below key support signals further downside continuation. The cloud structure and moving averages also support bearish momentum, keeping sellers in control. Recent price action shows weak recovery followed by another rejection, indicating limited buying strength. If price remains below resistance, further decline is expected toward 1936.2 as the first target, followed by 1863.4 as the second target 🎯🔥.
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Forex, Gold & Crypto Signals with
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Gold Signal's with proper TP& SL for
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.