Ethereum Bearish Breakdown Signals Deeper Decline Toward $1,350 Support

TLDR: Ethereum has broken below a key triangle formation, shifting market structure in favor of sellers across short-term charts. Short-term moving averages are now trading below long-term averages, confirming that bearish momentum continues to build steadily. Sharp long liquidations on Binance are flushing out leveraged positions, adding extra downward pressure to ETH spot price action. [...]

The post Ethereum Bearish Breakdown Signals Deeper Decline Toward $1,350 Support appeared first on Blockonomi.