Technical analysis by RajaSaien about Symbol ETH: Sell recommendation (12/26/2024)

Hey, TradingView family! 🚨I’m sharing my latest analysis of ETH/USDT on the 4-hour chart. We’ve just witnessed a Death Cross (the 50 EMA crossing below the 200 EMA), a classic bearish signal. 📉Key points:The price is forming a descending triangle, often a continuation pattern signaling more downside.The projected move from this pattern suggests a drop to $2,921, aligning with the measured move from the triangle.Recent resistance around $3,346 seems to confirm sellers are in control. If we break below the $3,159 support, further downside could accelerate.Keep an eye on: 1️⃣ Volume confirmation on breakdowns. 2️⃣ Support levels around $3,178 and $3,113 before hitting the target zone.Trade safe, everyone! Let me know your thoughts or if you see any alternative setups.#ETHUSDT #Crypto #Trading #TechnicalAnalysis