The daily chart of ETHUSD is experiencing a decline, with the price having broken below the descending trend line. The selling pressure is evident, as the RSI has dipped below 50, indicating a shift in momentum. The volume, although not extremely high, is supporting the downtrend, with an average of 80,000 units traded per candle. The price has been rejected at the 200-period moving average, further validating the sell signal. In the near term, we expect the price to continue its downward trajectory, potentially reaching the 1822.57 level. This is due to the strong bearish momentum and the lack of…

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