ETH/USDT – 1H – SELL

The 1H SELL signal on ETH/USDT is driven by a confluence of bearish chart patterns and technical indicators. The Double Bottom pattern has completed a retreat down, suggesting a failed reversal and renewed selling pressure. The Bull Pennant, typically a continuation pattern, aligns with the bearish bias when combined with the BOP Zero Cross Down, which indicates a shift in buying pressure to selling pressure. Additionally, the EMA 50 and SMA 50 Retreat Down signals confirm that short-term moving averages are turning lower, reinforcing the bearish momentum. The Fibonacci Break DownTrend at 0% highlights a breakdown below a key retracement level, and the Northern Doji candlestick adds a note of indecision, but the overall pattern favors downside.

Across timeframes, the trend is mixed: shorter timeframes (15m, 30m, 1h) show bullish or choppy conditions, while longer timeframes (2h, 4h, 8h, 12h) are bearish, with the 1D still bullish but choppy. This suggests that the bearish signal is part of a broader correction on higher timeframes, but the immediate trend is not strongly aligned. Key levels to watch are resistance at 1897.80 and support at 1853.62. A break below support would confirm the bearish continuation, while a move above resistance would invalidate the signal.