Technical analysis by Trade-U-Metta about Symbol ETH: Sell recommendation (12/20/2024)

#ETHUSDT - UniverseMetta - AnalysisFollowing its ATH, a second peak was formed. Since November, the price has completed its 5th wave, potentially signaling the start of a correction. The price has exited the ascending channel, confirming the formation of an ABC corrective structure. From the last impulse, the price has already retraced approximately 50% on a higher timeframe. The nearest support levels are $3,100 and $2,900, which may serve as areas to consider increasing holdings.Target levels: $3,391.45 - $2,537.30