ETH/USD - About to hit $2,500... 😱
ETH tried to rally, but failed. Similarly to BTC (see below my idea 👇) the price quickly turned back and the selloff has returned.
What is curious about this is... volume. It is quite low. Low volume in a bearish trend indicates bullishness... but considering the overall market, that does not seem to help much.
ETH is clearly headed towards $2,500 and it has to find proper support before any rally can be had.
According to the indicators, ETH will continue to fall for a while... check MACD, it recently did a bearish cross on daily... this will take some time to resolve.
Then OBV or On-Balance Volume is also crashing below the moving averages. Not cool.
Bias remains bearish and if $2,500 does not hold, expect price to fall under $2,000. Maybe we find support there.
Like and follow if you like my idea!
What is curious about this is... volume. It is quite low. Low volume in a bearish trend indicates bullishness... but considering the overall market, that does not seem to help much.
ETH is clearly headed towards $2,500 and it has to find proper support before any rally can be had.
According to the indicators, ETH will continue to fall for a while... check MACD, it recently did a bearish cross on daily... this will take some time to resolve.
Then OBV or On-Balance Volume is also crashing below the moving averages. Not cool.
Bias remains bearish and if $2,500 does not hold, expect price to fall under $2,000. Maybe we find support there.
Like and follow if you like my idea!
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