CandleFocus Trader Justin Bennett Issues Ethereum Alert, Says ETH Potentially Forming Bearish Pattern – Here Are His Targets
2024-10-17
Author: Content Editor
Crypto analyst Justin Bennett is warning that Ethereum (ETH) may be forming a bearish diamond reversal pattern, potentially pushing its price below $2,500. He notes that although the pattern has not been confirmed yet, if it does confirm with a close below support, the objective would be $2,485. In regards to Bitcoin (BTC), Bennett highlights that its open interest is at its highest level since August and identifies the $65,800 level as crucial for BTC bulls. However, he points out that Bitcoin whales are reducing their long positions compared to retail, which has historically resulted in a 10% price drop for BTC.
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