Hey Traders,
ETH looks poised to continue its bearish trend and seems much weaker than BTC. On BTC we've made higher highs so there could be an argument for some sort of bullish trend in short term but the ETH chart hasn't had a break of structure yet and we seem to be rejected our previous local high. Although ETH is fluctuating a lot, it is still in a strong down trend.
If you found my analysis helpful give me a follow and like, and as always happy trading!
ETH looks poised to continue its bearish trend and seems much weaker than BTC. On BTC we've made higher highs so there could be an argument for some sort of bullish trend in short term but the ETH chart hasn't had a break of structure yet and we seem to be rejected our previous local high. Although ETH is fluctuating a lot, it is still in a strong down trend.
If you found my analysis helpful give me a follow and like, and as always happy trading!
Comment:
UPDATE- looks like my analysis was accurate but the downtrend isn't looking very strong as the sell volume is lower than the volume of the previous upward move.
