ETHUSDT Analysis May 12, 2022

We are Bearish on Ethereum, ETHUSDT since early April. Three SELL signals is a huge sign of Bearish price movement and we witnessed that within the following weeks. The Horizontal Support Line at ($1928) was shattered and then reclaimed as Support. The Daily Downtrend Line has also been broken but is now trying to hold. We are down around 60% from the All Time High and can probably expect to see more over the next couple months. Not Financial Advice...Trade with Confidence and Control.