The current state of the chart suggests that Ethereum is in a corrective phase after completing a bullish cycle. The bearish outlook is supported by the price's position relative to the Ichimoku Kinko Hyo and the 200 EMA, Alongside with the corroborating bearish signals from the RSI and MACD. However, the potential for a reversal should not be dismissed lightly!
key indicators and price movements should be closely monitored for signs of a bullish breakout...
While technical analysis provides a good framework, it is essential to consider external factors such as market news, Global economic indicators and developments specific to ETH and the wider Crypto market, which can significantly influence price action.
Happy Trading.
T.
key indicators and price movements should be closely monitored for signs of a bullish breakout...
While technical analysis provides a good framework, it is essential to consider external factors such as market news, Global economic indicators and developments specific to ETH and the wider Crypto market, which can significantly influence price action.
Happy Trading.
T.