The bearish phase for Ethereum ($ETH ) is likely over.

  • ​Downtrend Broken: The relief rally started on November 21st at a low of $2,623, breaking the previous downtrend and activating support.

  • ​Weak Selling Pressure: Recent small retraces (like the current one and those on Dec 4th and Nov 28th) show that bearish momentum is very weak. These dips typically last only about four days before the bullish move resumes.

  • ​Key Indicator: The price is holding above $2,800, and there is no significant rise in bearish volume.

  • Sellers Exhausted: Trading volume on the sell side has been consistently dropping since early November, even during previous lower lows. This indicates that sellers have run out of force.

  • ​Outlook: With weak sellers, the momentum is now with the buyers. Ethereum $ETH is expected to move up. The current small retrace should end within hours or the next 1-2 days.

  • ✅ trade here for $ETH

    ETH
    ETH
    2,991.13
    -3.59%