Ethereum is not priced for an only up direction as of right now, unlike Bitcoin. As seen in the chart and indicator. The pink and purple dotted lines are close to intersecting and if the pink link crosses over this is a good sign for the chance of a neutrality and even a possible upward forming price chart position.
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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.