FieryTrading

🔥 Ethereum Officially BEARISH: Will The Rest Follow?

Short
BINANCE:ETHUSDT   Ethereum / TetherUS
Ethereum has officially fallen through the last remaining bullish trend line left on the chart. This trend line has emerged at the depth of the June 2022 sell-off, so it's well over a year old and must carry some weight.

In my view, this is the start of a longer bearish period for ETH, potentially even to retest the June 2022 lows around 900$. Wait for the price to break below 1510$.

This bearish move is in line with my overall bearish view on the markets. Pre-halving years are usually half bullish and half bearish, which would indicate that it's the turn of the bears by now.

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