Signal ETHUSD Sell — D1 - May 16, 2026 12:32 GMT-4
The daily chart for Ether presents a bearish outlook, with price action forming a descending triangle pattern. The recent high of 2253.75 was met with selling pressure, and the price has since declined to 2176.12, the entry point for our sell signal. The high volume traded on the way down suggests a strong confirmation of this signal. The descending triangle pattern indicates a potential breakdown, with the support levels at 2100 and 2050 being key areas of interest. A break below the latter could lead to further declines, while a bounce off the 2100 level may indicate a short-term reversal.…