ETHUSD started to fall from around 3700 to around 2000 and then rose to 2900. Has been hovering around 2900. With a series of policies on cryptocurrencies in various countries and the disappearance of market hype, I don’t think cryptocurrencies will rise in the short term and will continue to fall.
From the analysis of technical indicators, the top divergence of ETHUSD has appeared, and ETHUSD will continue to fall. From the analysis of the KDJ indicator, it is also in a state of decline. ETHUSD has also been slowly falling in the same channel as I described. What do you think?