Senbonkzakura

bearish RSI divergence on Ethereum

Short
As we can see, Ethereum is currently in a bearish RSI divergence which means the RSI is currently lower highs but the price action is showing higher highs , which means the Upwards trend is losing momentum more and more so i beileve in the near future we'll be seeing a re test of the previous support level at 3370 and if that doesnt hold i believe the we'll be going to retest the previous higher low at 3270
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.