Ethereum hovers between a strong support and strong resistance zone, as signs show we may have a chance at turning around this bear market if we manage to break out of the descending trend channel and through the resistance. We remain in the calm before the storm, the dried-up volume and sideways edge displaying the market's uncertainty. Keep your eyes peeled, for the upcoming week will prove to be decisive for the market as a big move can be expected.
Comment:
Testing the strong support; we needn't worry yet, there's still a while 'till the bottom of the channel.
Comment:
Oh goodness, we've broken through! Bearish sign.