Ethereum (ETH): Possible Drop (Fake BoS)
2024-11-26

On Ethereum we are seeing that after a breakout from triangle pattern price has formed 2 small BoS zones here (where the second one seems a little bit too weak, possibly a fakeout).

While a break of the triangle pattern is a bullish sign, and the price of ETH has a lot of room to grow from here, there is a possibility of downward movement from here (if we see our sell entry to be secured).

So we are waiting for that zone to be reached and secured by sellers after what we might see a quick movement to our support zone!

Swallow Team 