ETHUSDT: Increase in the downtrend ? 
2024-10-28

Today, ETHUSDT is trading around 2,481 USDT, remaining within a parallel uptrend channel on the 1-hour chart.

Although we’re seeing some upward movement, the long-term outlook for ETHUSDT is still under strong selling pressure. As the new week kicked off, the price began to drop, currently down by 1.02% for the day.

Looking ahead, I’m considering a sell strategy, anticipating a possible breakout from the price channel and targeting 2,432 USDT, with a further goal at 2,382 USDT.

What’s your take on ETHUSDT’s trend? Share your thoughts in the comments!