Ethereum hourly cycle is currently forming a standard symmetrical converging triangle consolidation near the 1800 level.


At this stage, the MACD bearish momentum continues to expand, while the bullish trading volume on the market is also shrinking, indicating a clear imbalance between bulls and bears.
The final direction of the trend depends on the effective breakout of the upper and lower bands of the triangle.
Based on the combined analysis of volume, price, and indicator resonance, the probability of a downward breakout is higher.
Ethereum reference: 1795 short, target 1755, defense 30 points #btc #eth
ETH-0,57%
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