From TradingView · · 30s
ETHUSDT Sellers Take Control After Trendline Break
Ethereum price drops as sellers dominate after breaking key trendline support.
In brief
Ethereum price drops as sellers dominate after breaking key trendline support. Ethereum price fell below 2,530 after breaking a trendline, with sellers now controlling the market. Originally reported by TradingView.
ETHUSDT Trendline Break
Ethereum price broke the ascending trendline on Oct 16, shifting control to sellers.
Price Drops to 2,480, 2,530
Price rebounded to 2,480, 2,530 after losing support, recovering half of previous drop.
Sellers Maintain Control
Buyers failed to reclaim price after trendline break, with sellers dominating below 2,530.
The short version
Ethereum price fell below 2,530 after breaking a trendline, with sellers now controlling the market.
