Ethereum price rose in latest intraday trading and almost tested the main downward trend line, which is dominating the price’s short term movements, with ongoing negative pressure due to trading below the 50-candle SMA, while the Stochastic reached overbought levels compared to the price’s movements, hinting at negative divergence, which would reinforce the negative scenario.
To get our more detailed analysis and 100% accurate signals provided by Best Trading Signal, subscribe to Economies.com VIP Club through the link below!