⚠️ Negative outlook on Ethereum (
$ETH ): Breaking support paves the way for further downside!
Ethereum (
$ETH ) is currently trading under clear selling pressure after failing to hold above, and technical indicators suggest that the odds favor further decline over the coming hours.
📉 Details of the expected downward path:
Confirmation point: A break below the nearby support level at $1,880.
First target: A drop toward $1,820.
Second target: Re-test the demand zone at $1,750.
🛑 Risk management:
This bearish outlook is invalidated if a 4-hour candle closes above $1,920 (stop-loss).
💬 Share your take:
Have you opened a short position on
$ETH , or are you waiting for it to reach the bottom to buy? Write to us in the comments! 👇
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