Ethereum Price Analysis: ETH primed for a downswing

  • Ethereum price has signaled the start of a downtrend after failing to sustain above the recent swing highs.
  • Instead, the sweep above the local top has triggered the start of a downtrend that could extend to $2,550, $2,360.
  • In some cases, ETH price could even dip into the buy zone that extends from $1,991 to $2,206.
  • Invalidation of the bearish setup will take place if Ether climbs above $3,050
ETH/USDT 2-hour chart
ETH/USDT 2-hour chart

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Disclaimer: This is NOT financial/investment advice.