$ETH
Overview of Ethereum ..
👈 The current price is trading around the areas of $2,079 - $2,080, recording a decrease of approximately 4.7% over the past 24 hours.
👈 The general trend in the short and medium term leans towards negativity (bearish) after a clear selling wave.
4-hour frame (medium term):
👈 The "Supertrend" indicator gives a clear and continuous negative signal (the red line is above the price), confirming the bears' (sellers') control over this frame.
👈 The price has not yet shown strong reversal patterns to change this bearish path.
Conclusion ..
🔹 The current momentum is bearish and corrective.
🔸 There are signs of temporary selling exhaustion on smaller time frames (like the hourly frame) that may create slight upward fluctuations, but the indicators on larger frames (4 hours and daily) still favor the bearish trend as long as the price fails to recover and firmly break through the nearby resistance levels.
#TrumpSeeksQuickEndToIranWar
#CLARITYActHitAnotherRoadblock
#OilPricesDrop
#
Overview of Ethereum ..
👈 The current price is trading around the areas of $2,079 - $2,080, recording a decrease of approximately 4.7% over the past 24 hours.
👈 The general trend in the short and medium term leans towards negativity (bearish) after a clear selling wave.
4-hour frame (medium term):
👈 The "Supertrend" indicator gives a clear and continuous negative signal (the red line is above the price), confirming the bears' (sellers') control over this frame.
👈 The price has not yet shown strong reversal patterns to change this bearish path.
Conclusion ..
🔹 The current momentum is bearish and corrective.
🔸 There are signs of temporary selling exhaustion on smaller time frames (like the hourly frame) that may create slight upward fluctuations, but the indicators on larger frames (4 hours and daily) still favor the bearish trend as long as the price fails to recover and firmly break through the nearby resistance levels.
#TrumpSeeksQuickEndToIranWar
#CLARITYActHitAnotherRoadblock
#OilPricesDrop
#