Thomas_Zito

πŸ“‰πŸ”₯ Bearish Breakout: Ethereum Double Top Spells Trouble! 🐻πŸ’₯

Short
Thomas_Zito Updated   
BITSTAMP:ETHUSD   Ethereum
In the exciting world of crypto, a compelling bearish setup has emerged on Ethereum's horizon. The price action has given birth to a double top pattern, indicating a potential trend reversal. Moreover, this ominous formation has taken shape on a formidable supply zone, adding strength to the resistance level.

With strategic analysis and careful observation, the optimal entry point for this bearish trade is identified here around 1870. As the bears gain momentum, the first take profit level is set at 1815, followed by a more ambitious target of 1740.

Stay tuned as we closely monitor Ethereum's price action, ready to capitalize on this thrilling opportunity. Join the discussion and let's navigate the crypto waters together! πŸš€πŸŒ•πŸ’Ž

feel free to share your toughts in the comment section. And dont forget to press the like button if you think this insight was helpfulπŸš€
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