It appears that ETHEREUM may be anticipating a bearish trend.
Analyzing the 4-hour time frame, I spotted a rising parallel channel and a confirmed breakout of its lower boundary.
The final challenge for sellers lies at the 4464 - 4422 support level on the 4-hour chart, where the price is currently consolidating on the horizontal support.
Should the bears break and close below that level, it would signal a significant bearish indication.
Subsequently, a bearish continuation could potentially lead to the 4200-support level.
Analyzing the 4-hour time frame, I spotted a rising parallel channel and a confirmed breakout of its lower boundary.
The final challenge for sellers lies at the 4464 - 4422 support level on the 4-hour chart, where the price is currently consolidating on the horizontal support.
Should the bears break and close below that level, it would signal a significant bearish indication.
Subsequently, a bearish continuation could potentially lead to the 4200-support level.
Trade active
Trade closed: target reached
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Join our Telegram channel
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For paid signal👇👇
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For daily market update 👇👇
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Backup Channel👇👇
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For paid signal👇👇
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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.