FenzoFx—Ethereum remains below the $3,510.00 resistance and descending trendline, consolidating near $3,237.00 in a bear flag. The November 4 drop created a liquidity void with resistance at $3,673.00.
As long as ETH trades below this level, the bearish outlook holds. A breakdown could retest support at $3,040.00, and if selling pressure continues, the decline may extend toward the next liquidity void at $2,771.00.
As long as ETH trades below this level, the bearish outlook holds. A breakdown could retest support at $3,040.00, and if selling pressure continues, the decline may extend toward the next liquidity void at $2,771.00.
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