Ethereum confirms the bear trend

ETHUSD Ethereum finally went full on bearish trend yesterday with the Daily close. By Ichimoku trend analysis the Chikou closing outside the cloud following price closing outside the cloud confirms that a bearish trend is in effect. Ethereum was the last major cryptocurrency to hold its ground. Bitcoin, Monero, Litecoin, and many others have been trending bearish for many weeks.

If this bear trend signals the end of this cryptocurrency bull cycle I do not expect a recapture of the All Time Highs in 2022.

If you want to learn more about Ichimoku check in for my Livestream Friday or catch the segment I will highlight. I will be doing a class module on this discipline of Ichimoku analysis.