ETHUSD Single Collateral Perpetual Futures ContractKraken
Description
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Hope we found a possible bottom here...
Ethereum has been in a downtrend since December 31, 2021 and is obviously Oversold. The RSI is at the lowest mark in recent months and is showing signs of a possible reversal. Cryptocurrency is currently at a fear and greed index of 24. (Extreme Fear) On Glasnode in recent months, Ethereum's inflation rate has been significantly lower than BTC We can confidently say that while the price is stagnant, the price is expected to increase when demand exceeds supply.
Comment
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the "Harami" become a "3 Soldiers" plus "Engulfing pattern"