ETH downtrend per macro "bear market" trend
A quick daily-candle snapshot of Ethereum / USD on it's macro downtrend per the overall macro "bear"/down trend.
There is no reason to expect bullish reversals "out of nowhere" that will all of a sudden invoke a new uptrend--- the only way to firmly establish a new "bullish trend" is strong rebounds with even stronger follow thru days.
Follow thru days are days AFTER a bullish reversal with continued upwards volume and strength that signify a new trend (higher highs, lower lows).
It's likely Ethereum will visit 1,500 area soon -- over the next few weeks/month.
There is no reason to expect bullish reversals "out of nowhere" that will all of a sudden invoke a new uptrend--- the only way to firmly establish a new "bullish trend" is strong rebounds with even stronger follow thru days.
Follow thru days are days AFTER a bullish reversal with continued upwards volume and strength that signify a new trend (higher highs, lower lows).
It's likely Ethereum will visit 1,500 area soon -- over the next few weeks/month.
@eddietradezz
