Ethereum - The current growth might be a false alarm
Sellers increased pressure yesterday and broke through the hourly EMA55, which has been serving a support level since last week.
According to the indicators, the further recovery of Ethereum is possible, as buyers have already broken through the EMA55, however, they won’t be able to gain a foothold in the area of the daily maximum.
Furthermore, the trading volume has not increased a lot, confirming that bulls are not ready to buy ETH in the long-term scenario.
According to the indicators, the further recovery of Ethereum is possible, as buyers have already broken through the EMA55, however, they won’t be able to gain a foothold in the area of the daily maximum.
Furthermore, the trading volume has not increased a lot, confirming that bulls are not ready to buy ETH in the long-term scenario.
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