ETH Bearish Trend & Momentum
Ethereum is trending lower within a downtrend channel after recently falling out of a longer-term uptrend channel. Price is below all short-term moving averages with all short averages in a bearish cross. Watch for 200sma support near $3350, failure there would likely lead to a dip down near the $2650 support level shown. Lower indicators all show bearish short and intermediate-term trend and momentum behind price.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.