Ethereum hourly cycle is currently consolidating in a standard symmetrical triangle near the 1800 level. At this stage, the MACD bearish momentum continues to expand, while the bullish trading volume on the market is also steadily shrinking, indicating a clear imbalance between bulls and bears. The final direction of the market depends on the effective breakout of the triangle's upper and lower boundaries. 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, stop 30 points #btc #eth
ETH0.75%
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