Ethereum (ETH) Unlikely To Climb Above $300 Again Anytime Soon


Ethereum (ETH) remains in a strong downtrend after the recent sell off pressure. This is expected to continue towards our $231 price target. We expect ETH/USD to decline in a head and shoulders formation that is more clearly visible on the daily time frame. The 4H chart shows that the price is declining having topped out. If the 50 EMA crosses below the 200 EMA on the 4H time frame, this will be a very bearish development and we might see the price decline sharply soon after that happens. So far, this downtrend remains intact and there is no hope…
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Ethereum (ETH) Unlikely To Climb Above 0 Again Anytime Soon

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