ETH | Bullish or bearish?
ETH still failed to hold Fib 0.236 and the support of the ascending trend line. Dropped to around $1450. This price is somewhat lacking support and will be adjusted soon.
On the upside: the RSI did not react strongly to the price drop, and even formed a bullish divergence.
Bearish view: The price is somewhat unsupported and may continue to fall to the August low ($1422).
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Good luck~☘
On the upside: the RSI did not react strongly to the price drop, and even formed a bullish divergence.
Bearish view: The price is somewhat unsupported and may continue to fall to the August low ($1422).
If you like and support our analysis, please give us a like and leave your comment. 😘
Good luck~☘
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