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Is Ethereum About to Reverse or Just Taking a Break From the Downtrend?

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YEREVAN (CoinChapter.com) — Ethereum (ETH) is still stuck in a broader downtrend on the daily chart. The 50-day exponential moving average (EMA), currently near $1,933, remains above the price, acting as resistance. Ethereum tried to break above a falling parallel channel but failed to sustain the move. This pattern, often seen during downtrends, shows consistent lower […]

The post Is Ethereum About to Reverse or Just Taking a Break From the Downtrend? appeared first on Coinchapter.

5h ago
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bearish:

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