Technical analysis by Sinyalist_Crypto about Symbol ETH: Sell recommendation (7/5/2024)

Hello my dear followers. In this analysis, I would like to convey the situation of Ethereum. However, the situation does not seem very encouraging. If we ask what could happen, I expect the liquidity at 2,800 to hold the price and hold it there for at least 12 weeks. Otherwise, it is inevitable that the target will be 2300. The reason for this is that the empty imbalance zone is filled and the demand in the demand zone there makes such a scenario more likely to me. It shows that it will happen. In addition, it is very possible to expect a closing below the weekly trend support. Well, the rise may not exist at all, but the downside is more dominant. Closing above the red box is a must for the rise. Thank you. Comment: There is also a bullish bat pattern, and the area it shows is the orange area.