turtlebuster

Bearish pennant formation ETH

Short
KRAKEN:ETHUSD   Ethereum
The price momentum of ETHER has been in a massive downturn since reaching ATHs. Technicals show a bearish pennant formation possibly signaling a continuation to the downside.

Fundamentals, as interest rates rise and war rages on in Ukraine, the economic uncertainty will weigh heavy on investor minds causing them to flee to safe havens such as the US dollar and away from risky and volatile assets such as crypto.

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.