ETH at a Crossroad! Bearish Control or Bullish Breakout?

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Bullish Probability: 40%
Bearish Probability: 60%

Trend Structure: The market is currently in a downward channel, indicating bearish control unless a breakout occurs.

Pattern Formation: A descending wedge is forming, which can act as a reversal pattern if confirmed.

Momentum Indicators: RSI is below the mid-level, suggesting weak bullish strength. ADX shows that the bearish trend is still dominant but not overly strong.

Breakout Potential: A breakout above the descending trendline could shift momentum toward the bulls, but as of now, bearish sentiment prevails.

Conclusion:
Bearish momentum is slightly stronger, but the possibility of reversal exists if key resistance levels are broken.

Confirmation signals are needed before any major trend shift.

Penafian

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