Ethereum (ETHUSD) has recently encountered significant negative pressure, resulting in a bearish reversal that completes the formation of a double top pattern on the chart. This pattern suggests that the price may continue its downward movement in the coming sessions.
For the bearish trend to remain intact, ETH needs to maintain consolidation below the $2635.00 level, which would keep the negative implications of the pattern active.
Trend Outlook: Bearish
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