ETHUSDT Analysis: Bearish Continuation Likely!
2024-10-09

On the 2-hour chart, I see that ETHUSDT has just broken below the ascending channel, signaling a strong bearish possibility ahead. After failing to break above the key resistance zone around $2,456 - $2,480, the price action seems to be signaling that the sellers are still in control and the bearish pressure is increasing.

From what I see, the current setup is fully capable of continuing the downtrend, with major support targets at $2,340 and $2,327. These will be the key levels that we need to pay attention to. If there is a further break, it will be a significant opportunity, and of course, I always prioritize strict risk management.

Stay alert and trade wisely!