ETHUSD ❕ continued decline
ETH has broken down the uptrend channel.
Ethereum is moving in the liquidity zone within the downward channel, with the price now under liquidity.
Trading volumes show interest in the drop in price.
Price and RSI have formed a bearish divergence at 30m Timeframe.
I expect further price declines if ETH fixes under the upper boundary of the descending channel.
Ethereum is moving in the liquidity zone within the downward channel, with the price now under liquidity.
Trading volumes show interest in the drop in price.
Price and RSI have formed a bearish divergence at 30m Timeframe.
I expect further price declines if ETH fixes under the upper boundary of the descending channel.
Related publications
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.