Ethereum Could be Headed for a Selloff

Ethereum Could be Headed for a Selloff

Those of you who read yesterday’s column will recall that the daily chart was looking rather bearish in the short term. Indeed, I ended the article by speculating that I was considering taking a short position in the asset as a result of the chart. So, even though the market has been rather quiet today, let’s look at the ethereum charts again. Let’s start with the daily chart, with a look at the most reasonable bear setup from the high: The first thing you should notice is that the price fell sharply as soon as it exited the first arc pair. This is bearish to say the least. If the chart....

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