ETH Trend Analysis

ETHUSD Perpetual Contract BYBIT:ETHUSD

Swastik86

ETH is forming bear flag pattern with a downside target of $3000 in short term.

It is going to retest the symmetrical triangle from which it broke out.

I am expecting a 10% bounce at 3000 level (FIB 50%) upto 3300 then further decline till 2750 level.

More downside possibility ahead but those will be updated as chart pattern unfolds.

Peace!!

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