Signal ETHUSD Sell — D1 - May 5, 2026 20:23 GMT-4
The daily chart of ETHUSD has been trending upwards since the beginning of March, but the recent candles suggest a shift in momentum. The price has been consolidating between 2000 and 2400, with a clear resistance level at 2400. The recent candles have formed a bearish engulfing pattern, indicating a potential reversal. The volume has been increasing, confirming the strength of the move. This setup supports the sell signal, as the price is likely to break below 2400 and head towards the 2000 level. The 2000 level has served as a support level in the past, and it's likely to…