ETH: At risk of a drop

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ETH broke below its trendline and is at risk of dropping further. The "orange" channel has a good chance of stopping this drop and reversing it toward a new high, but if that also breaks down, it should head toward 2664 sooner than later. The bearish volume is relatively stronger and MACD is gaining momentum. Either way, 3062 seems inevitable for now.
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Going sideways.
Chart PatternsTrend Analysis

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Disclaimer: This is not a financial advice and all posts are for educational purposes only.
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