ETHUSD Is showing an overall bearish outlook currently below the important 200 and 100 EMA and with a bearish breakdown confirmed heavily to the downside which can continue when the bears hold this pace. Also ETHUSD is building a huge triangle formation which is a descending triangle that can break heavily to the downside when confirmed and showing the next steps in bearish continuation.
Etheruem Price Chart:
The RSI is sending moderate signs at the moment with more possible breakdowns to the downside and a touch of the oversold region possible which confirms below the 20 value.
The MACD sending an important sign which is a bearish crossover to the downside which is a serious sign in the MACD that is signaling the trend change to overall bearishness.
Luke has had a long interest in financial technology, especially cryptocurrency and blockchain. With a Bachelors degree in Journalism and Media, Luke is dedicating his writing skills for the digital currency sphere.He can be contacted at email@example.com