ETH is showing weakness in its long term rally Short
Ether / United States DollarCoinbase
Description
⋅ ETH recently has been losing momentum. The rally now showing one of two scenarios:
- Consolidation where profit taking is occuring before another rally
- 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