🔥 Ethereum Officially BEARISH: Will The Rest Follow?

10 באוק׳ 2023

Ethereum has officially fallen through the last remaining bullish trend line left on the chart. This trend line has emerged at the depth of the June 2022 sell-off, so it's well over a year old and must carry some weight.

In my view, this is the start of a longer bearish period for ETH, potentially even to retest the June 2022 lows around 900$. Wait for the price to break below 1510$.

This bearish move is in line with my overall bearish view on the markets. Pre-halving years are usually half bullish and half bearish, which would indicate that it's the turn of the bears by now.