Ethereum dey face bearish double top inside symmetrical triangle
Ethereum price dey under pressure as e drop from $2,500 to $2,150 for weekend plus e come back 10% pass $2,400 EMA. Analysts talk say na game of patience dey happen, with correct resistance for $2,525–$2,520 and support for $2,100–$2,200. For the monthly chart, double top for $4,000 mean say long-term bearish trend dey come, while daily chart show ETH dey trapped inside symmetrical triangle between $2,200 and $2,870. Technical indicators like RSI near 46, negative MACD plus compressed Bollinger Bands show say momentum dey low before big breakout. Liquidation data show $28.25 million ETH longs liquidated against $11.91 million shorts, and net outflows for exchanges reach $44.13 million, wey show say bullish leverage don overheat. If breakout happen above $2,525, e fit carry price reach $2,870–$3,000; if e breakdown below $2,200–$2,100, e go confirm bearish trend.
Bearish
Di combined analysis dey show say Ethereum price get steady bearish structure. Di monthly double top at $4,000 and daily symmetrical triangle dey show say market dey undecided but e lean negative under di $2,525–$2,520 resistance zone. Key moving averages (50-month EMA at $2,229 and di 2400 EMA) now dey as support, but if e fail below $2,200–$2,100, e go confirm say price fit go down more. Compressed Bollinger Bands, negative MACD and neutral RSI mean say momentum low before one big move. Overheated long liquidations wey total $28.25 million and net outflows of $44.13 million from exchanges dey show say bullish belief dey reduce. Both short term and long term, traders suppose ready for possible bearish continuation if support zones no hold.