This is a 1-hour ETH/USD chart with Ichimoku Cloud. Price first moved sideways in a defined range, then rallied into a clear resistance zone near the top. After rejection, ETH broke down below key support and the Ichimoku cloud, confirming a bearish shift. Price is now trending lower with weak momentum, and the chart projects a downside target around 2,550, suggesting continuation of the bearish move unless price reclaims the broken level.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.