ForexTrendline

Short-term selling opportunities on ETH

Short
COINBASE:ETHUSD   Ethereum
ETHUSD is currently in a downtrend on the H1 timeframe.
In the end of last year we saw a downside impulse which led to a consolidation.

Now, we're looking for the end of this pullback and another downside move.

The first target will be 3523$

Right now, price is inside of a sell zone and if we see a breakout above 4000$ then this setup won't be valid.

We will be following the development closely and in case of any changes we will have to adjust our targets!

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