@ryan4863 on ETHUSD | PriceONN Community
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Analyzing ETHUSD on the daily timeframe, the price action appears to be tracing a potential descending triangle pattern, with the horizontal support around 1900. A confirmed breakdown below this level could trigger a more significant sell-off. However, failure to break below 1900 could lead to a retest of the 200-day SMA around 1988.34. I'm particularly interested in how the volume behaves near these key levels. What are your thoughts on the validity of this pattern and the potential outcomes?