Ethereum is currently trading under the 200ema showing me reason #1 to sell, head and shoulder pattern present (reason 2) with engulfing candle shortly after the 2nd shoulder (reason3) , overall structure looks to be a symmetrical traingle (reason 4) MACD line crossed over signal line with histogram turning green to red showing me more confluence to a short opportunity (reason 5)
Just my analysis, trade with discretion.
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