Ethereum Weekly: Powerful negative divergences in Ethereum

13 באפר׳ 2021

The RSI has reached its historical top, since then, the negative RD is obvious. furthermore, in MACD the mentioned divergence type is about to be completed, however, it is not confirmed yet or it can form a double top. Along with the divergences, according to classic point of view, the price is going to touch two resistance levels: Top of two different channels.

Note: Be careful about volume in each top (in Daily timeframe).

Good luck