ETH at a Crossroad! Bearish Control or Bullish Breakout?
2025-01-28
Category: None

Bullish Probability: 40%
Bearish Probability: 60%

Trend Structure: The market is currently in a downward channel, indicating bearish control  unless a breakout occurs. 

Pattern Formation: A descending wedge is forming, which can act as a  reversal pattern if confirmed. 

Momentum Indicators: RSI is below the mid-level, suggesting weak bullish strength. ADX shows that the bearish trend is still dominant but not overly strong.

Breakout Potential: A breakout above the descending trendline could shift momentum toward the bulls, but as of now, bearish sentiment prevails.

Conclusion:
Bearish momentum is slightly stronger,  but the possibility of reversal exists if key resistance levels are broken. 

Confirmation signals are needed before any major trend shift.