Technical analysis by EstherLeblanc about Symbol ETH: Sell recommendation (10/28/2024)

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!