Ethereum Price Prediction: Anticipating a Downtrend as ETH/USD Faces Resistance

Time Frame: 3h

Current Trend: Bearish

Sentiment: Overbought (based on 7-period RSI)

Forecast: Bearish

The market is testing a major horizontal structure 3267.9.

Taking into consideration the structure & trend analysis, I believe that the market will reach 3119.3 level soon.

P.S

Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.

Like and subscribe and comment my ideas if you enjoy them!