Currently, Ethereum is in a consolidation zone characterized by a small head and shoulders pattern on a smaller timeframe and a dark cloud cover pattern on a larger timeframe. This is likely a signal for a bearish reversal. If it breaks below 3500, the intraday price could drop to around 3350-3380. $ETH
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11.11 Ethereum Market Analysis
Currently, Ethereum is in a consolidation zone characterized by a small head and shoulders pattern on a smaller timeframe and a dark cloud cover pattern on a larger timeframe. This is likely a signal for a bearish reversal. If it breaks below 3500, the intraday price could drop to around 3350-3380. $ETH