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Ethereum
Short

ETH is showing weakness in its long term rally

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ETH recently has been losing momentum. The rally now showing one of two scenarios:

  1. Consolidation where profit taking is occuring before another rally
  2. Reversal in the trend


We can see this weakness by identifying two aspects in the price action.

  • Fails to make a higher high
  • Breaks long term upward trend
ratchet-mint
cryptomarketETHUSDmomentum-analysisTrend Analysis

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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.
cryptomarketETHUSDmomentum-analysisTrend Analysis
ratchet-mint

Related publications

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.