Ticker: ETHUSD
Exchange: BITFINEX
And so, the market continues downward movement, it is too early to talk about the global market rotation
Now we observe the activity of buyers on the upper border of the large consolidation
But, from the fact that after the initial rebound of the price, the strength of buyers was not enough for the rapid development of the upward movement,
we conclude that they do not have enough strength.
Yes, the price may remain in the consolidation now, and if it accumulates a significant volume, the price may go up, but now we see the continuation of a downward trend
Be careful with long positions