The daily chart of ETHUSD reveals a complex price action, with a series of higher highs and lower lows indicating a bearish trend. The recent candlestick pattern, characterized by a strong bearish engulfing, confirms the downtrend. The price has been trading below the 200-day moving average, reinforcing the bearish bias. The volume has been increasing, indicating a growing interest in selling Ether. The current setup justifies the sell signal, as the price is poised to break below key support levels. The technical indicators suggest that the price may continue to decline, with potential support levels at 1900-2000. A breakdown below…

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