The H4 chart of ETHUSD presents a bearish setup, with the price having reached a crucial resistance level. The recent high of 2404.11 is a significant obstacle, and the price is struggling to break above it. The momentum indicators suggest a decline in buying pressure, which is a bearish sign. Furthermore, the volume is decreasing, indicating a lack of conviction among buyers. The price is currently trading near the 50-period moving average, which is a key support level. A break below this level could trigger a more significant decline. In this context, the sell signal is justified, as it aligns…

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