ETH Stuck Under Bearish 4H Trend-line?
Take a look. ETH remains well under the EMA200 on the 4H timeframe (since November). The EMA9 (4H) is above the EMA50 (4H) which is a short-term bullish sign, although every attempt to break above this orange trend-line has failed (3 times). I think ETH will continue to move lower until it breaks meaningfully above the bearish trend-line above. I could see a possible entry on a breakout above the trend-line, and a take-profit at the 4H EMA200 (red, now $138). Until then, ETH looks very weak. Beware traders!
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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.