ETHUSDT Price Analysis November 5, 2024
2024-11-05

Ethereum (ETH) recently experienced a bearish breakout below the main trendline on the 4-hour chart, signaling potential downside momentum in the near term. Currently, ETHUSDT is trading around 2.421, with both the 34 EMA and 89 EMA acting as resistance above, reinforcing the bearish outlook.

What do you think about this analysis? Do you see Ethereum recovering or is it likely to continue falling?