On the 1H chart, Ethereum has not got out form the bearish trend formed on October 11. Currently, there are no signals of the bulls’ pressure, the price goes deeper after each bounce-off attempt.
The low level of the trading volume confirms the bearish scenario as well as the decreasing RSI indicator which line is down to the oversold area. In case ETH breaks above the $180 level and fix it, one may think about the local trend change. However, at the moment, the coin is likely to achieve the $177 mark in a few days.
The low level of the trading volume confirms the bearish scenario as well as the decreasing RSI indicator which line is down to the oversold area. In case ETH breaks above the $180 level and fix it, one may think about the local trend change. However, at the moment, the coin is likely to achieve the $177 mark in a few days.
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