$ETH #VitalikSellsETH Here is a detailed technical analysis for the ETH/USDT pair.
Overall Market Context & Sentiment
The chart shows ETH in a clear short-term bearish trend within what appears to be a larger consolidation or corrective phase. The price is trading significantly below the daily open (indicated by the -3.89% change) and has rejected the upper Bollinger Band, suggesting a shift from a potential recovery attempt back to selling pressure.
1. Key Price Action & Candlestick Analysis (Current & Recent)
· Dominant Pattern: A series of red (bearish) candles have broken below a prior co