Welcome community members in this post I will be going through with ETHEREUM daily chart analysis.

This is my first chart on trading view.
If you find this post helpful hit the like button and follow .

As we can see at the above mentioned chart that ETH/USD was trading inside the symmetrical triangle pattern and broke below at the price level of $2700 and loosed almost 12% till now.

In current scenario ETH also brake down the $2500 support level and moving down side.

Moving averages also showing bearish crossover.

IMO, ETH can move down more 20%-25% in upcoming days and we can see a bounce from $1700-$1800 range.

Candle close above the $2500 support level will be the invalidation of this chart analysis.

NOTE : This is not financial advice. This is for education purpose only. I am not responsible for the profits or loss you generate from your investments.

DO YOUR OWN RESEARCH BEFORE TAKING ANY TRADES.

Thank you.