Technical analysis by CryptoSanders9563 about Symbol ETH: Sell recommendation (9/22/2024)

The price recently broke out from a wedge pattern but has faced a minor correction after hitting resistance around $2,600.The price is now retracing back to test the breakout level.The nearest support is around $2,550-$2,537, indicated by both the trendline and the marked horizontal level.ETH could continue its retracement toward the support, followed by another attempt to test the $2,670-$2,680 resistance zone.A successful breakout beyond this zone could push prices toward the $2,700-$2,800 range, as drawn in the projection.Let me know if you'd like further details on these charts!Disclaimer: This analysis is for informational purposes and not financial advice. Always stay updated with market movements and adjust your trading strategies as needed.