ETH forming bearish engulfing on weekly and more...
Ethereum FuturesCME GLOBEX
Description
⋅ Battle happening with CRYPTOCAP:ETH at the moment.
#ETH pumps but it cannot hold them.
CRYPTOCAP:ETH is really struggling @ major resistance.
Recently it did break the uptrend and bounced back above.
As of now it's under it again and in the middle of an intraday downtrend.
#ETH RSI & $ FLOW peaked in mid November & have formed negative divergence since then this means it is weakening.
Volume is also lessening with some selling showing up.
CHART SHOWN IS WEEKLY
Weekly #Ethereum forms a bearish engulfing but it lacks volume
Arrows show previous instances.