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FetchTeam
Feb 10, 2023 4:05 PM

Uptrend Ethereum Is Over Short

Ether / United States DollarCoinbase

Description

Ethereum was struggling to break the resistance of 1670USD. After the final rejection, the was finally rejected.

Based on Fetch Trends, which used the rsi and 2 moving averages to calculate the colors, the uptrend is weakening. In my opinion, the uptrend is over.

We're now expecting a drop back to the support zone of 1260 to 1360. Based on the performance of stocks, it seems unlikely the price will make a lower low (875 USD).
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