ETHUSD is showing signs of a possible correction

🔥 ETHUSD Analysis: Potential Correction Ahead 📉

ETHUSD is showing signs of a possible correction across multiple timeframes – **Daily**, **4-hour**, and **1-hour** – with current bearish signals emerging.

📉 Current Price:** $1,780**
Potential Target:** $1,700 - $1,650 zone**


🔻 Key Levels to Watch:
🔹 **Immediate Support:** $1,750 - $1,700
🔹 **Resistance:** $1,800 - $1,850

🔒 Suggested Stop Loss:** Above $1,820**

📊 Technical Signals:
🔸 **RSI Falling:** Indicates weakening bullish momentum
🔸 **Descending Trendline:** Resistance holding strong
🔸 **Bearish Divergence:** Observed on the 4-hour chart

Pine Script®

1. **Bearish View:** Expecting ETHUSD to drop to $1,650 if support at $1,700 fails.
   
2. **Bullish View:** A breakout above $1,800 could push the price back toward $1,850 and beyond.
   

⚠️ **Note:** If ETHUSD falls below $1,650, we could see an extended correction to $1,600. ⚠️

🔔 **Be sure to follow updated ideas for real-time insights!** 🔔

⏰ **Analysis Time:** ETHUSD across multiple timeframes.

⚖️ **Always set a Stop Loss** to protect your capital! 🚨