Signal ETHUSD Sell — H4 - May 7, 2026 06:19 GMT-4
The H4 chart of ETHUSD reveals a bearish momentum, with the price forming a descending triangle pattern. The recent high of 2341.49 was followed by a decline, indicating a loss of buying pressure. The volume has been decreasing, confirming the bearish sentiment. The price has broken below the support level of 2326.31, increasing the likelihood of a further decline. The RSI (not shown) is in the oversold territory, but the price is still above the 200-period moving average, indicating a potential bounce. However, the bearish momentum is strong, and a breakout below the 2200 level could lead to a deeper…