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Looking at the recent trend of $ETH, the technical aspects do reveal some signals. The level of 2990 is quite strong; the price has repeatedly tested this point but has not been able to break through, instead falling directly from the high of 2989 to around 2960, with a clear bearish upper wick appearing on the hourly chart — this indicates that long positions are losing strength here.
What is more concerning is that the ascending trend line was breached in the early morning, and the short-term upward momentum is clearly weakening. The current resistance level has shifted down to the range of
What is more concerning is that the ascending trend line was breached in the early morning, and the short-term upward momentum is clearly weakening. The current resistance level has shifted down to the range of
ETH0.02%