Analysts are Highlighting a “Concerning” Trend Seen by Ethereum’s Price

Ethereum’s price is at a peak of the structure which will be decisive for the further trend. Which direction will Ethereum’s price choose? Will there be a turn to decline? Ethereum’s price is at a peak of a rebound towards the upward trend. That is also a turning point for the continuation of the medium-term downward trend. The way the price behaves in the near future will determine the outcome. If Ethereum’s price manages to fortify at that level, it will indicate that the bulls are a minority. In that case, and if the price forms a turnaround structure, the downward trend will be likely....

The downward trend on Ethereum’s market has lead the price to an important medium-term resistance. The trend is most likely to change at that point. Is the current trend nearing its end? Ethereum’s price has stopped at a long-term level, which already indicates that there are a number bulls out there. But whether the nature of those purchases is long-term or short-term will only become clear after analyzing the further structure of Ethereum’s price. For the formation of a short-term upward trend to begin, Ethereum’s price will have to fortify at the largest accumulated trading volume mark,....

Ethereum’s price has formed a flat. It may provoke a short-term trend when it leaves the corridor. Which direction will Ethereum choose? The downward trend on Ethereum’s market is not broken yet. The price is moving within a flat, preparing for another dash. If the downward trend is to continue, there will be a bounce off that point, but if the bulls hold the advantage, Ethereum’s price will start fortifying at that level. The change of trends is most likely to happen at the top limit of the trend, which is at the level of $8.4.

Ethereum’s price continues forming a sideway movement. The longer the flat, the more powerful will the following trend be. When should we expect the flat to end? Ethereum’s price has bounced off the bottom limit of the flat. There was no fortification, so the direction is still ambiguous. Until a fortification at either limit of the flat happens, Ethereum’s price will most likely keep bouncing off them. In turn, a fortification will display which side has the advantage and a trend will begin. For a turn to growth, Ethereum’s price has to fortify and form a turnaround at the top limit of....

Ethereum’s price is continuing its upward trend. Whether that short-term trend is a wave within a flat will be apparent after its structure is completely formed. What is the most likely scenario for a turn to decline? After fortifying at a key level of $10.4, Ethereum’s price has formed an upward impulse. The structure of the downward trend was broken at that point, and the downward movement was consequently a rebound. There is still a chance of the current upward trend turning out to be a wave within a flat. But for that to be true, the structure of the trend has to be disrupted. If a....