Technical analysis by avatarfreak about Symbol ETH: Sell recommendation (11/9/2024)

Disclaimer: This is my personal opinion and is intended for educational purposes only. Please consult your financial advisor before making any decisions.Time Frame: 1-hourMarket Analysis:The 1-hour ETHUSD chart exhibits a weakening bullish trend with the Relative Strength Index (RSI) indicating a slight oversold condition and relecting bearish divergence. The price may move up to the point of control, which could act as resistance, potentially leading to a rejection. Key support levels are present at 2,894; if breached, the price could dip to 2,802-2,747.Key Levels:Resistance: 3149.00Support: 2894.00target: 2802.00 - 2747.00Trading Bias:The ETHUSD price continues to consolidate within a rising wedge pattern, indicating a potential reversal.https://www.tradingview.com/x/hN0JBKam/