Technical analysis by Trad3WithFaraz about Symbol ETH: Sell recommendation (2/20/2024)

Bearish divergence has formed on the H1 chart, signaling a concerning development for buyers. If the ascending parallel channel breaks, along with the horizontal support at 2870 – which is also considered a higher low – then selling momentum is likely to increase. The targets for sellers should be in the 2710-2750 region.