The Ethereum price has ranged low now after making a new monthly high back on Tuesday. This increase had come as a much-needed relief for the crypto market, which had watched the ETH price struggled while Bitcoin thrived. However, the bullish breakout has not lasted long as bears have once again taken control and sellers are now dominating. Given this recent trend, it is possible that the Ethereum price has seen the end of price decline. Ethereum Lower Lows Present Troubling Trend Crypto analyst Gianni Pichichero has explained what could be going on with the Ethereum price and why the current trend could be worrying. This goes through the different processes and how the altcoin has been moving since the start of the week, starting from Monday’s bullish rise to the bearish reversal that took the market by surprise. Related Reading: Bitcoin Weekly SuperTrend Flashes Sell Signal From 2022 Despite BTC/USD Strength Gianni explained that the opening range for the week had established the current monthly high before breaking low. This showed an entry of ..
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